UK inflation holds at one-year low despite oil price rise

ReutersNewsPublished: June 13, 2018
Published: June 13, 2018

British consumer price inflation unexpectedly held at a one-year low last month, though rising oil prices suggest an increase could be on its way, according to official figures which keep a Bank of England rate rise in view. As David Pollard reports, consumer price inflation held at an annual rate of 2.4 percent in May, its joint-lowest since March 2017.

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