India, June 17 -- Despite transport cost pressures, UK consumer price inflation remained stable in May, ahead of the Bank of England's policy announcement on Thursday.
Consumer prices registered an annual increase of 2.8 percent, the same rate as seen in April, the Office for National Statistics said Wednesday. Prices were expected to climb 3.0 percent.
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.
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