UK May CPI rises 4.2%, highest since April 2023
The unadjusted annual inflation reading matched market expectations and accelerated from 3.8%, marking the fastest pace in more than a year.
Summary
The UK's unadjusted consumer price index rose 4.2% year on year in May, matching market expectations and accelerating from the prior 3.8% reading. The print was the highest since April 2023, signaling a renewed pickup in inflation pressure after earlier moderation.
Terms & Concepts
- CPI: Consumer price index, a common inflation gauge.