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At 3.4 per cent inflation remains far above the Bank of England’s target
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UK inflation has fallen in some areas driven by decreased air fares and motor fuel dropping in price - though some food prices increased and so too did household goods.
The Office for National Statistics said that its key measure of inflation, the consumer prices index, was 3.4 per cent in May - having also been 3.4 per cent after revised figures in April, its highest level for more than a year.
