Inflation unexpectedly steady as food price rises slow

"Food inflation fell from 3% in the year to April to 2.2% in the year to May, the slowest rate of food inflation since December 2024."

— Grant Fitzner , Academic

"prices still don't reflect the inflation caused by the closure of the Strait of Hormuz."

— Karen Betts , Executive

"There is expected to be a 'sizeable' upward impact on inflation when Ofgem sets its energy price cap in July."

— Charlotte O'Leary , Academic

"While the war in the Middle East pushes prices up globally, we have got the right economic plan and inflation has held steady."

— Rachel Reeves , Politician

"Thanks to Labour's choices the UK went into the latest energy crisis with the highest inflation in the G7."

— Mel Stride , Politician

"The good news of slower food inflation has already been 'somewhat surpassed' by the prospect of price rises slowing even further due to a US-Iran peace deal."

— Suren Thiru , Academic