UK inflation remains stagnant at 8.7% in May

ONS attributes unchanged rates due to increased costs in air travel

Elliot Gulliver-Needham
clock • 2 min read
The ONS attributed the unchanged inflation rates to rising prices for air travel, recreational and cultural goods and services and second-hand cars
Image:

The ONS attributed the unchanged inflation rates to rising prices for air travel, recreational and cultural goods and services and second-hand cars

UK inflation remained stagnant in May at 8.7%, coming in higher than the 8.4% expected by economists.

The Office for National Statistics (ONS) reported that core inflation, which excludes energy, food, alcohol and tobacco, rose by 7.1% in May, up from 6.8% in April and the highest rate since March ...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Rise in cohort life expectancies for both men and women, CMI finds

Rise in cohort life expectancies for both men and women, CMI finds

CMI data shows standardised mortality rates in England and Wales have fallen each year since 2020

Martin Richmond
clock 10 March 2026 • 2 min read
PMI and Authently team up to launch two training programmes

PMI and Authently team up to launch two training programmes

Courses will help pension professionals improve their leadership skills

Jonathan Stapleton
clock 10 March 2026 • 1 min read
Buzz: Are you concerned about conflicts of interest for professional trustees?

Buzz: Are you concerned about conflicts of interest for professional trustees?

Trustee conflicts of interest, pensions legislation moratorium and administrator capacity

Professional Pensions
clock 10 March 2026 • 1 min read
Trustpilot