UK inflation expected to rebound

Official figures due on Tuesday are expected to show Britain's dip into negative inflation ended in May, as rising fuel costs pushed prices up again

Britain's brief flirtation with negative inflation came to an abrupt end last month, according to a Reuters poll of economists, with official figures expected to show prices started rising again in May.

April saw prices fall on a year ago for the first time in more than 50 years. The Office for National Statistics said its consumer price index measure of inflation was down 0.1% in April. But economists believe May's figures, due at 9.30am on Tuesday, will show inflation rebounded as fuel prices rose. The consensus forecast is for inflation of 0.1% last month, according to Reuters.

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