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International Business Times
International Business Times
World

FORGOTTEN HISTORY: Uk inflation dips less than expected in may - Caught on Camera

Inflation Bank of England United Kingdom Office for National Statistics Sarah Coles Interest Rates
The inflation update followed official data last week showing that Britain's economy shrank more than expected in April (Credit: AFP)

British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week.

The Consumer Prices Index dipped to 3.4 percent last month from a 15-month high of 3.5 percent in April, the Office for National Statistics (ONS) said in a statement.

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