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UK inflation, May 2024

UK inflation, May 2024

Shoppers on the high street in Kingston, London, UK

Bloomberg | Bloomberg | Getty Images

UK inflation fell to the Bank of England’s 2.0% target in May, the Office for National Statistics reported on Wednesday, in the latest edition of the key economic measure ahead of the national election in July.

The headline reading fell from 2.3% in April, and was in line with the 2% expectations of economists polled by Reuters.