Inflation remains at 2.8%, slightly lower than expected

Inflation remains at 2.8%, slightly lower than expectedJust nowShareSaveAdd as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesInflation remained at 2.8% in the year to May according to new figures.Experts had expected inflation — the rate at which the cost of goods and services is rising — to rise to 3% in May, and were widely expecting it to steadily increasing over the coming months due to the ongoing impact of the Iran war. Inflation had slowed to its lowest level for more than a year in April because of a decline in household energy prices for the month.Over the year to May, transport costs rose by the fastest rate, the Office for National Statistics (ONS) said, while the rate of price increases in food and non-alcoholic beverages slowed.Many economists have predicted that…

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