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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Good News Corner: Barnett Waddingham celebrates third Walk and Talk

Good News Corner: Barnett Waddingham celebrates third Walk and Talk

Group of 60 traverses 17km route from Henley and through Chiltern Hills

Jasmine Urquhart
clock 13 June 2025 • 1 min read
UK Pensions Awards 2025 - The photos from the night

UK Pensions Awards 2025 - The photos from the night

The awards ceremony was held on 12 June at The Brewery in London

Jonathan Stapleton
clock 13 June 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT managed retirement for life offering, TPR blog and XPS survey on DB surplus

Professional Pensions
clock 13 June 2025 • 1 min read
Trustpilot