16 June 2021
•
4 min read
Image:
The pickup reflected higher prices for fuel, clothing and recreational goods.
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 growth...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
