Core CPI also up to 3.8%
CPI stood at 3.4% in May, down 0.1 percentage points from April’s figures
CPI rose by 3.5% in year to April, up from 2.6%
MPs say pension integration ‘is a relic from the past and needs to be abolished’
New pensions minister, bond yields drop, PPF 7800 Index shows £9.3bn drop in DB surplus
Decline in headline CPI rate will come as ‘relief’ to both Treasury and Bank of England
Slim chances of rate cut before year-end
'Continued progress' on disinflation