UK consumer prices logged a steady growth rather than a slowdown in May and core inflation accelerated further adding pressure on the Bank of England to raise the benchmark rate by half a percentage point.Consumer price inflation remained unchanged at 8.7 percent in May, the Office for National Statistics reported Wednesday. The rate was forecast to ease to 8.4 percent. The upward contributions to...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.