Economics
U.K. Consumer Prices Rise as Deflation Proves Short-Lived
In addition, the falls in food and fuel costs over the last year have eased this month, helping to push inflation up.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Britain’s inflation rate rose back above zero in May, ending the economy’s brush with deflation after just one month.
Consumer prices rose an annual 0.1 percent after falling 0.1 percent in April, the Office for National Statistics said in London on Tuesday. The increase, the first in four months, matched the median estimate of economists in a Bloomberg survey. Core inflation accelerated to 0.9 percent from 0.8 percent, missing economists’ estimate for 1 percent.