UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices

Published June 17, 2026 · Category: Markets

Overview

Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest rates

UK inflation unexpectedly remained at 2.8% last month despite the Middle East war driving up energy prices, official figures have shown.

Details

May’s annual price rise reading recorded by the Office for National Statistics confounded economists’ forecasts of a rise to 3%.

Source

Originally published at www.theguardian.com.

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