View more on these topics

UK inflation falls to 3.4 per cent

UK inflation has fallen to 3.4 per cent in May, down from the 17 month-high of 3.7 per cent in April.

The fall is marginally greater than the 3.5 per cent analysts’ forecast, but remains ahead of the Bank of England target of 2 per cent.

The Office For National Statistics said the retail prices index rose by 5.1 per cent last month, compared to the 5.4 per cent rise in April.

The ONS said lower food prices and slower rises in alcohol, tobacco and petrol all contributed to the drop.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm