UK shop prices rose 1.2% year-on-year in May, beating the 1.1% forecast, as non-food inflation flipped from -0.1% to +0.5% on Iran shipping disruptions. The BoE's June 18 cut window just got smaller.
CBI Distributive Trades Survey shows retail selling prices rising at the slowest pace since February 2025, reinforcing the moderation in UK consumer goods pricing pressures. Source
