Economic news

Britain’s May data shows inflation is steady

Inflation in the UK rose firmly at 2.4% last month, though estimates by economists from the City had been 2.5%, considering the rise in the petrol prices.

An upswing in oil prices and air fares as of late had an impact on the Index of Consumer Prices, however, the negative influence was compensated by dipping computer game prices, as well as less grown costs on energy compared to the preceding year.

The sterling fell 0.37% in the day to $1.3321 after the new data came out, with traders less certain of an interest rate increase in the near future.

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