Looks like inflation softening according to the experts… seems strange to me though… if all the
main things have gone up a minim of 6% how can inflation be under 6%… must have odd weighting’s
Downward pressure on prices also came from travel and accommodation, as the post-pandemic summer and Easter travel booms subsided, although holiday costs were still 7.3 per cent higher than a year ago.
Housing (+8.4 per cent), food and non-alcoholic beverages (+7.9 per cent), and furniture, household equipment and services (+6.0 per cent) were the biggest contributors to inflation over the year to May.
Rents (+6.3 per cent), meals out and takeaway food (+7.7 per cent), bread and cereals (+12.8 per cent), and dairy products (+15.1 per cent) were areas where annual price rises were up in May compared to April, and were responsible for inflation remaining elevated.
