GBIRYYMay/2026
source: Office for National Statistics
- The annual inflation rate in the UK stood at 2.8% in May 2026, unchanged from the previous month and below market expectations of 3.0%. The reading remained at its lowest level since March last year.
Inflation slowed in housing and household services (2.7% vs. 3.0% in April), the softest level in almost two years, as owner-occupiers’ housing costs continued to ease, while food and non-alcoholic beverages decelerated further (2.2% vs. 3.0%), hitting their lowest level since December 2024.
Price growth also moderated in clothing and footwear (0.2% vs. 0.7%) and recreation and culture (1.5% vs. 1.7%). This was offset by upward pressure from transport inflation, which accelerated sharply to 6.8%, the highest since December 2022, up from 4.5% in April, driven by higher motor fuel prices, rising air fares, and an upward effect from vehicle excise duty (VED).
On a monthly basis, the CPI rose by 0.2% in May, below forecasts of a 0.4% gain and easing from a 0.7% increase in April.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.