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Consumer price inflation fell to 2.5% last month, against 2.8% in April, the Office for National Statistics said.
The Retail Prices Index, an inflation measure often used in pay bargaining, fell to 4.3% in May from 4.5%.
Analysts still expect the Bank of England to raise interest rates later this year to ensure that inflation falls to 2%, the government's target...
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Consumer price inflation fell to 2.5% last month, against 2.8% in April, the Office for National Statistics said.
The Retail Prices Index, an inflation measure often used in pay bargaining, fell to 4.3% in May from 4.5%.
Analysts still expect the Bank of England to raise interest rates later this year to ensure that inflation falls to 2%, the government's target...
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