The Office for National Statistics said inflation in the year to May was 2.8 per cent, lower than economists expected.

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…