UK inflation jumps to the highest level in two years – a short-term blip or the start of something bigger?

UK inflation rose to 2.1% in May, the highest level in two years. Saloni Sardana looks at what’s behind the rise.

UK retail
Higher price of clothing contributed to May's rise.
(Image credit: ©Anthony Devlin/Bloomberg via Getty Images)

UK inflation rose to the highest level in two years in May 2021, with CPI inflation hitting 2.1% as Britons took advantage of the easing of Covid restrictions to spend some of their pent up savings.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni