Britain's annual inflation rate was unchanged at 2.8 percent in May as higher petrol prices caused by the US-Iran war were offset by lower food costs, official data showed on June 17.

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

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

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…