Article 5K4HN UK inflation jumps to 2.1% as petrol and clothing prices rise

UK inflation jumps to 2.1% as petrol and clothing prices rise

by
Phillip Inman
from Economics | The Guardian on (#5K4HN)

Bank of England target breached for first time in two years to fuel fears of sustained rise in cost of living

UK inflation jumped to 2.1% in May, breaching the Bank of England's target for the first time in two years and stoking fears that the easing of pandemic restrictions since March will lead to a sustained rise in the cost of living.

The price of fuel was one of the main drivers of May's increase, soaring by almost 20% from last year to push the rate of inflation up from 1.5% in April.

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