- Analytics
- News and Tools
- Market News
- UK inflation rate hits to 1.5% in May, the lowest level since 2009
UK inflation rate hits to 1.5% in May, the lowest level since 2009
The Office
for National Statistics released inflation in the U.K. The annual rate of
inflation declined 1.5% in May, after 1.8% in April. That was the lowest level
since October 2009. Analysts had expected the annual inflation rate to decrease
to 1.7%.
On a
monthly basis, inflation in the U.K. fell 0.1%, missing expectations for a 0.2%
gain, after a 0.4% increase.
The decline
was driven by falls in the price of bread, cereals and vegetables. Food prices declined
0.6%.
Core consumer
price index excluding food costs in the U.K. climbed at annual rate by 1.6%, missing
expectations for a 1.7% rise.
The Retail
Prices Index (RPI) decreased to 2.4% in May from 2.5% in April.
U.K. house
prices surged by 9.9% in the 12 months to April and reached a new high of
£260,000.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
