Article 1H4RD UK inflation unchanged at 0.3% in May

UK inflation unchanged at 0.3% in May

by
Phillip Inman Economics correspondent
from on (#1H4RD)

Much of weakness in consumer prices blamed on uncertainty created by EU referendum

Inflation remained at 0.3% in May after a rise in transport costs and hotel bills was offset by the falling cost of clothes and food.

The Office for National Statistics said a slide in the price of games, toys and hobby items also played a role in keeping the consumer prices index (CPI) at the same level as April and below 1% since the end of 2014.

Related: Brexit fears hit pound as UK inflation misses forecasts - business live

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