UK inflation continues rapid growth jumping to 2.1% in May

ONS data shows this is the fastest pace in inflation growth in almost two years

Pedro Gonçalves
clock • 4 min read

British consumer price inflation jumped to 2.1% in May from 1.5% in April, exceeding the Bank of England's (BoE) 2% target for the first time in almost two years.

Figures from the Office for National Statistics (ONS) showed the annual pace of price growth - as measured by the Consumer Prices Index (CPI) - rose 2.1% on the year in May,  the fastest pace of gr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PPF publishes DEI strategy for 2025 to 2028

PPF publishes DEI strategy for 2025 to 2028

Revised strategy will introduce two new areas of focus in social mobility and LGBTQ+ inclusion

Martin Richmond
clock 12 June 2025 • 2 min read
TPR sets out plans to 'tackle unfinished business' in pensions

TPR sets out plans to 'tackle unfinished business' in pensions

CEO urges industry to ‘push for ever higher standards to unlock transformational opportunities’

Holly Roach
clock 12 June 2025 • 2 min read
Fall in services output drags UK economy down by 0.3% in April

Fall in services output drags UK economy down by 0.3% in April

Following 0.2% growth in March

Sorin Dojan
clock 12 June 2025 • 2 min read
Trustpilot