Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • đŸ”„
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > UK inflation eases by less than anticipated ahead of Bank of England rate decision
Economy

UK inflation eases by less than anticipated ahead of Bank of England rate decision

Last updated: June 18, 2025 4:35 am
Share
UK inflation eases by less than anticipated ahead of Bank of England rate decision
SHARE

Inflation in the U.K. saw a slight decrease in May, according to official figures released by the Office of National Statistics. The consumer prices rose by 3.4% in the year to May, down from 3.5% the previous month. This drop was attributed to lower air fares and transport costs, which were offset by rising food prices, particularly chocolate.

Despite this decrease, inflation remains significantly above the Bank of England’s target rate of 2%. The Monetary Policy Committee is expected to announce its latest interest rate decision on Thursday, with most economists predicting that the main interest rate will remain at 4.25%. The decline in inflation was less than expected, with economists anticipating a rate of 3.3% for May.

The higher-than-anticipated outcome was primarily driven by a 4.4% increase in food and non-alcoholic drink prices. Items such as sugar, jam, chocolate, ice cream, and meat all saw significant price hikes during the month. Economists, including those at the Bank of England, anticipate that inflation will continue to remain above target throughout the year.

Uncertainty surrounding U.S. President Donald Trump’s tariff agenda and the unrest in the Middle East make it challenging to predict economic developments and the path of interest rates. Despite this, many economists, like Felix Feather from Aberdeen asset management firm, are sticking with their call for the Bank of England to continue reducing rates on a quarterly basis. However, geopolitical uncertainty and risks from U.S. trade policy present both upside and downside risks to this forecast.

Overall, the inflation report for May highlights the ongoing challenges facing the U.K. economy and the need for careful monitoring and analysis of key economic indicators. As the Bank of England prepares to make its interest rate decision, it will be crucial to consider the broader global economic landscape and its potential impact on the U.K.’s economic outlook.

See also  3 crypto stocks to watch this week — one jumped 180%
TAGGED:aheadanticipatedBankdecisionEasesEnglandInflationrate
Share This Article
Twitter Email Copy Link Print
Previous Article Ancient monstersaur had ‘goblin-like’ teeth and sheddable tail Ancient monstersaur had ‘goblin-like’ teeth and sheddable tail
Next Article Former NFL star Richard Sherman charged with DUI Former NFL star Richard Sherman charged with DUI
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

‘We Have To Keep Telling Stories Like This To Make People See It’

Overall, Joy is a powerful and moving film that sheds light on the often overlooked…

December 4, 2024

Manhunt In Toronto After 3 Gunmen Open Fire In Pub: Police

On Friday night, three men entered the Piper Arms Pub in Toronto and opened fire,…

March 8, 2025

Smiles tweaked by AI can boost attraction, a speed-dating study shows

This study sheds light on the power of artificial intelligence in altering facial expressions during…

November 3, 2024

How sweet is it really? Non-nutritive sweeteners and the control of blood sugar levels

Non-nutritive sweeteners have long been seen as a healthier alternative to sugar, but recent research…

November 28, 2024

President Donald J. Trump Investigates Unlawful “Straw Donor” and Foreign Contributions in American Elections – The White House

INVESTIGATING “STRAW” DONORS: Today, President Donald J. Trump took a significant step by signing a…

April 24, 2025

You Might Also Like

Democrats plot messaging blitz ahead of Obamacare hikes
Politics

Democrats plot messaging blitz ahead of Obamacare hikes

October 31, 2025
Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?