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

The Guardian World Wednesday 17 June 2026, 06:00 UTC By Heather Stewart Economics editor 1 min read
Key Points

Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest ratesUK inflation unexpectedly remained at 2.8% last month despite the Middle East war driving up energy prices, official figures have shown. May’s annual price rise reading recorded by the Office for National Statistics confounded economists’ forecasts of a rise to 3%.

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.

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

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UK (LOCATION) Iran (LOCATION) Bank of England (ORG) the Middle East (LOCATION) the Office for National Statistics (ORG)
Originally published by The Guardian World Read original →

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