Inflation unexpectedly steady as food price rises slow
Higher petrol prices were offset by slower price rises for meat, dairy and vegetables, according to the ONS.
Coverage by Political Leaning
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Notable Quotes
"Food inflation fell from 3% in the year to April to 2.2% in the year to May, the slowest rate of food inflation since December 2024."
— Grant Fitzner , Academic
"prices still don't reflect the inflation caused by the closure of the Strait of Hormuz."
— Karen Betts , Executive
"There is expected to be a 'sizeable' upward impact on inflation when Ofgem sets its energy price cap in July."
— Charlotte O'Leary , Academic
"While the war in the Middle East pushes prices up globally, we have got the right economic plan and inflation has held steady."
— Rachel Reeves , Politician
"Thanks to Labour's choices the UK went into the latest energy crisis with the highest inflation in the G7."
— Mel Stride , Politician
"The good news of slower food inflation has already been 'somewhat surpassed' by the prospect of price rises slowing even further due to a US-Iran peace deal."
— Suren Thiru , Academic
Key People
Associate economist at the National Institute of Economic and Social Research.
Grant Fitzner is an economist at the ONS.
Chief executive of the Food and Drink Federation.
Mel Stride is the Shadow Chancellor.
Chancellor who announced guaranteed paid work placements for youth.
Chief economist at the Institute of Chartered Accountants in England and Wales.
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Higher petrol prices were offset by slower price rises for meat, dairy and vegetables, according to the ONS.
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