Britain's annual inflation rate slowed in May to the central bank's target of two percent, giving a boost to Prime Minister Rishi Sunak's faltering election campaign.
According to the National Office, the consumer price index slowed, down from 2.3 percent in April. The new figures come after nearly three years during which inflation in Britain exceeded the target set by the central bank, which recorded two percent in July 2021 before rising during the cost-of-living crisis caused by the repercussions of the Russian-Ukrainian war.
Source (Al-Arab Newspaper of London, Edited)
