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UK Inflation higher

By rotide
Created 19/06/2013 - 07:43

The Office of National statistics (ONS) has released higher inflationary data for the month of May, rising to 2.7% from the previous slighly lower than expected 2.4% for April. The overall trend being gently upwards at the moment, heading back to 3%, with energy prices playing a large part in the downward trend reversing.

The culprit on this occasion was higher air fares up by 22% in one month with clothing prices rising by 1.2%.

Overall the inflation rate is not expected to ease until Q4 and will probably be close to 2.5% at year end, providing the price of oil stays stable at high but comparatively sustainable levels. 


Source URL:
https://www.newbusiness.co.uk/news/uk-inflation-higher-0