Live: What to expect from May's UK inflation data

UK inflation is expected to have accelerated during May, with the previous set of data having shown a slowdown in April.

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  • The Office for National Statistics (ONS) releases May’s UK inflation data tomorrow morning (17 June).
  • Consumer Prices Index (CPI) inflation slowed to 2.8% in the 12 months to April, down from 3.3% in the year to March.
  • It is expected that the conflict in Iran will lead to higher levels of inflation this year, and that this will be apparent in the May inflation data.
  • The Bank of England’s (BoE) Monetary Policy Committee (MPC) meets this week to decide on UK interest rates and will watch tomorrow’s inflation data closely when making its decision.

| UK inflation forecast | What is inflation? | When will interest rates fall further? | CPI release dates | MPC meeting dates |

Shoppers on Portobello Road symbolising UK inflation

(Image credit: Maremagnum via Getty Images)
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When is UK inflation data released?

The Office for National Statistics (ONS) will release May’s UK inflation data at 7am tomorrow (17 June).

We’ll bring you live reporting and reaction following the release, as well as rolling coverage and expert views on what changes in inflation might mean for you.

Good afternoon and welcome to live coverage of the upcoming UK inflation data release.

Tomorrow, we’ll find out how prices changed in the UK during May. Last month’s release showed a slowing of UK consumer price index (CPI) inflation in the 12 months to April, despite higher oil prices resulting from the conflict in Iran.

While oil prices have fallen this week following the announcement of a peace deal between Iran and the US, the expectation is still that the impact of the conflict will have pushed CPI inflation higher in the period the data covers. How great will the impact be – and what could it mean for your money?