UK inflation held steady at 2.8% in May, below the 3% markets expected, as the Bank of England prepares its June rate decision with rates at 3.75%.

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.