Inflation was higher than expected last month, official figures show, ahead of the Bank of England’s next interest rate decision.

Inflation was higher than expected last month, official figures show, ahead of the Bank of England’s next interest rate decision.

Inflation forecast to remain broadly flat over next few months, leaving door open for August interest rate cut

Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by 3.5% in the year to May.

Stock market reaction and business news from Thursday