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The Economic Times

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UK inflation flat at 2.8% in May

British inflation held steady at 2.8% in May. This figure matches April's 13-month low. The Bank of England is set to announce its next interest rate decision tomorrow. Economists had predicted a slight increase. The ongoing U.S.-Iran conflict has kept inflation higher than anticipated. Markets are finding some relief from a potential U.S.-Iran deal.

17 Jun 2026 11:44 am