UK inflation holds at 2.8% amid rising fuel prices from conflict
UK inflation remained steady at 2.8% in May, defying expectations of a rise to 3%. The uniform rate came despite rising fuel prices linked to the ongoing conflict in Iran, which has affected energy costs significantly. The Bank of England is expected to maintain interest rates at 3.75% while evaluating the situation.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 17 Jun 2026, 06:00 UTC · Updated 17 Jun 2026, 06:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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