Economic Review – May 2026

Inflation eases

In May’s Economic Review –

    • The annual rate of UK inflation fell more sharply than expected, down to 2.8% in the year to April.
    • Britain’s economy grew by 0.3% in March, defying expectations of a slight contraction linked to global conflict.
    • According to ONS, the unemployment rate increased slightly to 5.0% in the three months to March.

The annual rate of UK inflation fell more sharply than expected, dropping to 2.8% in the year to April from 3.3% in the year to March, according to the Office for National Statistics (ONS). Analysts had predicted a reading of 3.0%.

Economic Review

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