Inflation shows the rate at which the price of goods and services rises over time based on a regularly updated 'basket of goods'

UK May 2026 CPI inflation is forecast to rise to 3.0% from April's 2.8%, with energy prices and geopolitical tensions driving the reversal ahead of the Bank

The Bank of England is due to update its monetary policy on Thursday.

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…