UK inflation rate falls AGAIN hitting Bank of England’s target – what it means for your money – The Sun

THE UK’s rate of inflation slowed again last month as the figure hit the Bank of England’s (BoE) target.

Consumer Prices Index (CPI) inflation stood at 2% in May according to fresh numbers from the Office for National Statistics (ONS).

This is down from 2.3% in the 12 months to April, which marked the lowest level since July 2021.

It means inflation has hit the BoE’s target of 2% in a boost for the economy.