UK inflation eases slightly to 3.4% as food price rises offset transport cost falls
Guardian2 days
UK Inflation Remains at 3.4% in May
Above: Chocolate bars manufactured by Cadbury in a supermarket in Chelmsford, U.K. in January 2025. Image copyright: Ratcliffe/Bloomberg/Getty Images
The Spin
Pro-government narrative
Recent inflation data may seem concerning, but this can be largely attributed to temporary and expected short-term factors. As these effects fade, inflation will be on track to return to the desired 2% level. The government continues to invest in the U.K.'s long-term future as the Bank of England maintains a steady approach to monetary policy.
Opposition narrative
Today's inflation data is yet another blow to working families. Despite government spin, prices remain well above target, driven by poor economic management, higher taxes, and rising borrowing. Meanwhile, unreliable government data and a lack of Bank consensus continue to fuel uncertainty as those struggling with mortgages and daily costs continue to suffer.