UK Inflation Pressure Is Set To Remain All Year
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Even assuming oil behaves itself, headline inflation is unlikely to dip below 3% before 2026.
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Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
UK headline inflation rose by 3.4% in May compared to last year, as measured by the Consumer Prices Index (CPI). The Bank of England is meant to keep it to within one percentage point in either direction of 2%.
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