LONDON: The UK’s brief bout of deflation ended in May, according to official statistics just released.
Consumer prices rose by +0.1% in the year to May.
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Analysts had expected inflation to bounce back to +0.1%, after the UK recorded a -0.1% drop in April — the first decline for half a century.
Economists were also expecting core inflation, which fell to its lowest levels in more than a decade in April, to firm from +0.8% to +1%.
In reality, core inflation came in a little weaker than expected, up +0.9% in the year to May.
