Inflation holds steady at 2.8% as food price rises ease (opens original article in a new tab)

UK inflation stayed steady at 2.8% in May as food price increases slowed, despite rising transport costs and global conflicts.

• UK inflation remained at 2.8% in May, same as April
• Food price rises slowed, offsetting increases in airfares and fuel costs
• Transport inflation rose to 6.8% due to higher airfares and petrol prices
• Bank of England forecasts predict inflation could reach 3.6% this year