UK Annual Inflation Stays At 2.8% In May

Britain’s annual inflation rate was unchanged at 2.8 per cent in May as higher petrol prices caused by the US-Iran war were offset by lower food costs, official data showed Wednesday.

The Consumer Prices Index level matched April’s reading, the Office for National Statistics said, while an analyst’s consensus forecast had been for an increase to 3.0 per cent.

READ ALSO: CBN Orders Banks,…