- UK inflation rate hits to 1.5% in May, the lowest level since 2009
Notícias do Mercado
UK inflation rate hits to 1.5% in May, the lowest level since 2009
The Office
for National Statistics released inflation in the U.K. The annual rate of
inflation declined 1.5% in May, after 1.8% in April. That was the lowest level
since October 2009. Analysts had expected the annual inflation rate to decrease
to 1.7%.
On a
monthly basis, inflation in the U.K. fell 0.1%, missing expectations for a 0.2%
gain, after a 0.4% increase.
The decline
was driven by falls in the price of bread, cereals and vegetables. Food prices declined
0.6%.
Core consumer
price index excluding food costs in the U.K. climbed at annual rate by 1.6%, missing
expectations for a 1.7% rise.
The Retail
Prices Index (RPI) decreased to 2.4% in May from 2.5% in April.
U.K. house
prices surged by 9.9% in the 12 months to April and reached a new high of
£260,000.
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