UK inflation rate rises to 2.7%
The rate of consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, the Office for National Statistics (ONS) said.
The ONS said the rise was mainly due to increased transport costs, particularly an increase in airfares.
Airfares rose by 22% between April and May, the highest increase between those two months since comparable records began in 2001.
The Bank of England has said it expects inflation to exceed 3% this year.
Hugh Pym reports.
- From the section Business