Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: UK inflation eases by less than anticipated ahead of Bank of England rate decision – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > UK inflation eases by less than anticipated ahead of Bank of England rate decision – Delhi News Daily
Business

UK inflation eases by less than anticipated ahead of Bank of England rate decision – Delhi News Daily

delhinewsdaily
Last updated: June 18, 2025 12:45 pm
delhinewsdaily
Share
SHARE


Inflation in the UK dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate, official figures showed Wednesday.

The Office of National Statistics said consumer prices rose by 3.4% in the year to May, down from 3.5% the previous month.

That means inflation remains substantially above the Bank of England‘s target rate of 2%. The bank’s rate-setting Monetary Policy Committee is due to announce its latest interest rate decision on Thursday. Most economists expect the nine-member panel, which has cut borrowing rates on a quarterly basis since last August, to keep its main interest rate at 4.25%.

The decline was less than expected. Most economists were expecting the rate to come in at 3.3% for May as price rises cooled, following a raft of bill increases the previous month that pushed inflation to the highest level in more than a year.

The higher-than-anticipated outcome was largely due to a 4.4% increase in food and non-alcoholic drink prices. Larder items like sugar, jam and chocolate, as well as ice cream, saw the biggest monthly price hikes, while meat costs also rose.

ET logo

Live Events


Economists, including those at the Bank of England, expect inflation to remain above target over the rest of the year. Uncertainty over US President Donald Trump‘s tariff agenda and the unrest in the Middle East make it difficult to forecast economic developments and the path of interest rates. “We are sticking with our call for the Bank of England to continue to reduce rates at a quarterly cadence,” said Felix Feather, economist at asset management firm Aberdeen. “But geopolitical uncertainty and risks from US trade policy raise both upside and downside risks to this forecast.”



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Nothing Phone 3 to Offer Longer Android and Security Update Support Than Its Predecessor Nothing Phone 3 to Offer Longer Software Support Than Its Predecessor – Delhi News Daily
Next Article News18 Fresh Dairy Duel? Amul vs Nandini Turf War Spills Over To Bengaluru Metro – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Deporting Elon Musk to South Africa? Trump says he will have to take a look; ‘I don’t know’ – Times of India – Delhi News Daily
  • Suspected jihadists attack in Mali: Seven military sites targeted; residents report intense gunfire – Times of India – Delhi News Daily
  • ‘Domestic terrorist groomed by MAGA parents’: Idaho shooter Wess Roley’s family breaks silence amid massive backlash – Times of India – Delhi News Daily
  • Ben Stokes press conference: On Jasprit Bumrah ‘problem’, Rishabh Pant battle and more – Delhi News Daily
  • ‘Under review’: Israel launches probe into its deadly Gaza cafe strike; says it targeted ‘Hamas terrorists’ – Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

Trump cries fake news as US intel findings challenge his bunker-buster claim – Delhi News Daily

US President Donald Trump has vehemently dismissed media reports that claimed the recent American airstrikes on Iran’s nuclear facilities failed…

3 Min Read
Business

Eternal and Vedanta among stocks which Edelweiss Mutual Fund bought and sold in May – Delhi News Daily

Edelweiss Mutual Fund, led by CEO Radhika Gupta, increased its holdings in 401 stocks and reduced its stake in 117…

3 Min Read
Business

IFB Industries gains 27% in three months amid strong earnings and strategic investments – Delhi News Daily

ET Intelligence Group: IFB Industries has gained 27% in three months, outpacing the ET Consumer Durable index, which rose 2%.…

3 Min Read
Business

Reliance Infrastructure jumps 5% as defence arm bags Rs 600-crore export deal from Germany’s Rheinmetall – Delhi News Daily

Shares of Reliance Infrastructure surged 5% on Wednesday following an announcement by its subsidiary Reliance Defence that it secured a…

2 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?