UK Inflation Stable At 2.8%

India, June 17 -- UK consumer price inflation remained stable in May, the Office for National Statistics said Wednesday.

Consumer prices registered an annual increase of 2.8 percent, the same rate as seen in April. Prices were expected to climb 3.0 percent.

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Meanwhile, core inflation rose to 2.6 percent from 2.5 percent in the previous month. Nonetheless, the rate was slightly below forecast of 2.7 percent.

The ONS said transport made the largest upward contribution to inflation, while food and non-alcoholic beverages made the downward contribution.

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