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fxJun 17, 2026, 11:37 AM

UK CPI Stays at 2.8% in May, Misses Consensus and BoE Forecast

UK headline CPI held at 2.8% year-on-year in May, below both Bloomberg consensus and the Bank of England's April MPR projection, while core inflation edged up. Societe Generale notes services strength offset goods softness.

GBPUSD

UK headline CPI remained unchanged at 2.8% year-on-year in May, according to Societe Generale's Sam Cartwright. The print undershot both the Bloomberg consensus estimate and the Bank of England's April Monetary Policy Report projection.

Core inflation ticked higher during the month, while the report highlights that strength in services prices helped offset weakness in goods. The data may influence expectations for the BoE's next policy move.

Source: FXStreet Forex News