Current Inflation Rate Uk May 2024. The inflation rate is based upon the. Uk inflation slowed to 2% in may and remained at that level in june, falling to the bank of england’s target for the first time in nearly three years as food prices eased.

The annual inflation rate in the uk slowed to 2% in may 2024, the lowest since july 2021, from 2.3% in april and in line with forecasts. If the basket of the things we talked about was £100 a year ago, then today it would cost £102.