Inflation drops to Bank of England’s 2% target for first time in almost three years
Inflation dropped to 2% in May, down from 2.3% in April, according to the Office for National Statistics
Inflation finally drops to Bank of England target of 2% - what it means for you
The Consumer Price Index (CPI) is the main measure of inflation and it shows how the prices of goods and services have changed over time - and the Bank of England's goal is to keep it at 2%
Inflation returns to 2% target for first time in nearly three years
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
Inflation returns to 2% target for first time in nearly three years
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
Inflation returns to 2% target for first time in nearly three years
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
Inflation returns to 2% target for first time in nearly three years
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
Inflation finally falls back to its 2% target in major victory for the Bank of England
CPI inflation was last at 2% in July 2021 but rose rapidly to peak at a 41 year high of 11.1% in October 2022
What inflation falling means for you: CPI falls to Bank of England's 2% target - what happens next?
Inflation dropped to reach the Bank of England's 2% target in May. What does this mean for your finances and where does it leave the Bank of England on rate hikes. We explain.