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UK’s inflation rate turns positive in May after one month

byCustoms Today Report
17/06/2015
in Uncategorized
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LONDON: Transport costs helped the UK’s inflation rate turn positive in May after one month of negative inflation.

Inflation, as measured by Consumer Prices Index (CPI), rose to 0.1% in May, up from -0.1% in April.

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The biggest contribution to the rise came from transport, notably air fares, the Office for National Statistics said.

In April, CPI inflation turned negative for the first time since 1960, mainly due to a drop in air and sea fares.

Tags: inflation

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