UK inflation in surprise hold at 2.8% as slowing food prices offset transport costs (opens original article in a new tab)

UK inflation stayed at 2.8% in May as falling food prices counteracted rising transport costs, according to official figures.

• UK inflation remained at 2.8% in May as food price declines offset rising transport costs.
• Official data shows inflation flatlined after a decline in April, with energy bill cuts from last year's budget taking effect.
• The Bank of England is set to maintain interest rates at 3.75% as it evaluates the impact of the Middle East conflict on prices.