UK inflation holds at 2.8% before BoE decision (opens in new tab)

UK consumer price inflation held at 2.8% in May, matching April’s rate and coming in below economists’ expectations for a rise to 3%, Office for National Statistics data released on June 17 showed. The ONS said higher transport costs were offset by weaker food and non-alcoholic drink price growth, with easing across meat, dairy and vegetable items; BBC reported transport costs were rising fastest and food and non-alcoholic beverage costs fell slightly. The figures were published one day befor...