In terms of food item inflation, it decreased from 19.1% in April to 18.3% in May
London, Thanasis Gavos
Immutable at 8.7% remained for the month of May its price inflation in the UK, according to new figures from the Office for National Statistics. Most economists had expected a drop to 8.4%.
Keeping the percentage at the same levels is attributed to the increase in prices in the market of used cars, concerts, air tickets and computer games, while on the contrary, a decrease was recorded in the prices of fuel.
Structural inflation, which excludes volatile ones energy and food prices, increased from 6.8% to 7.1%which is the highest value since 1992.
As far as individual inflation is concerned in food, down from 19.1% in April to 18.3% in May.
Persistently high inflation is expected to drive the Bank of England to a new increase in the prime lending rate during the meeting of the competent Monetary Policy Committee tomorrow Thursday.
Most analysts estimate that the 13th consecutive increase will be in the range of 0.25%-0.5%setting the central bank rate at 4.75% or 5% respectively.
Not on Tuesday the average two-year fixed rate for a mortgage in the country rose to 6.07%in yet another headache amid punctuality for British homeowners who have to renew their mortgage.
Source :Skai
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