UK inflation unexpectedly holds at one-year low despite oil price rise


CNBC—Consumer price inflation held at an annual rate of 2.4 percent in May, its joint-lowest since March 2017.

UK inflation at one-year low, but petrol prices hit three-year high. All the latest economic and financial news, as irate WPP shareholders challenge the company over Sir Martin Sorrell’s departureLatest: UK CPI unchanged at 2.4%Petrol prices hit highest since October 2014Earlier:WPP shareholders to demand answers over SorrellSorrell faces allegations of paying sex workers, and bullyingSorrell ‘strenuously denies’ allegations 9.52am BST 9.51am BST Torsten Bell, head of the Resolution Foundation, says fuel prices are the main driver of inflation right now:CPI...