PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
The average price of low-fat milk was down 2.8% in May, while cheese dropped 3.9%.
The house price figures were released as data showed that Consumer Prices Index (CPI) inflation slowed to 2% in May.
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
UK inflation slowed to 2% in May, dropping to its lowest level since July 2021.
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
Most analysts are forecasting official figures will show the Consumer Prices Index (CPI) dropping to 2% in May, down from 2.3% in April.
The latest official figures are being watched closely ahead of the Bank of England’s June 20 interest rate decision.
Figures show the rate of UK unemployment lifted to 4.% in the three months to April, up from 4.3% in the previous three months.
The three-and-a-half-minute video claims various successes of the Conservative Government and finishes by commenting on Labour’s record and proposals.
The number of married pensioners living in poverty fell from 22% in 2005, when Labour last won a general election, to 14% in 2010.
A fifth of parents questioned said they have been left with no money for emergencies during the crisis.
The lender said it handed £344 million to its members last year and announced another bonus payment this year.
Heavy rain poured down on the Prime Minister who spoke from a lectern outside No 10 without an umbrella.
The election announcement came after data on Wednesday morning showed UK inflation dropped to 2.3% last month.