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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DB surpluses, endgame solutions, TPR innovation service, PP Live

Professional Pensions
clock 23 May 2025 • 1 min read
Majority say regulator should have someone with pensions experience in senior ranks

Majority say regulator should have someone with pensions experience in senior ranks

PP survey finds 93% of respondents say regulator should have pensions experience in high-ranking roles

Martin Richmond
clock 23 May 2025 • 4 min read
News Digest: Denmark raises retirement age to 70; Canada's largest pension plan drops net zero target

News Digest: Denmark raises retirement age to 70; Canada's largest pension plan drops net zero target

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 23 May 2025 • 1 min read
Trustpilot