UK inflation rate remains unchanged at 2.8% despite soaring air fares
The UK's inflation rate remains unchanged at 2.8% for the year to May, despite air fares surging and motor fuel prices increasing. The Office for National Statistics reported that transport prices were the biggest contributor to inflation figures for the month, with a 6.8% annual rate rise. The steady inflation rate may give the Bank of England confidence to hold interest rates at 3.75% when they vote on Thursday.
- ▪The UK's inflation rate has remained at 2.8% for the year to May, according to the Office for National Statistics.
- ▪Air fares rose 10.3% between April and May, while food and non-alcoholic beverages fell in price during the same period.
- ▪The steady inflation rate is a surprise to most economists, who had expected the data to show a rise to 3% or beyond.
Opening excerpt (first ~120 words) tap to expand
NewsUKHome NewsUK inflation rate remains unchanged at 2.8% despite soaring air faresThe Office for National Statistics has revealed the latest figuresKarl Matchett Business and Money Editor Wednesday 17 June 2026 07:47 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2997167","articleMeta":{"url":"https://www.independent.co.uk/news/uk/home-news/uk-inflation-rate-cost-of-living-reeves-labour-b2997167.html","title":"UK inflation rate remains unchanged at 2.8% despite soaring air fares"}}Reeves announces cost of living support package including summer VAT cut and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Independent.
Discussion
0 commentsMore from The Independent
