THE rate of inflation in the UK reached 2.1% in May, new data shows.
That’s up from 1.5% last month, according to the Office for National Statistics (ONS) which measures the Consumer Prices Index (CPI).
1
Inflation is a measure of the cost of living.
It looks at how much the price of goods, such as food or televisions, and services, such as haircuts or train tickets, has changed over time.
Usually people measure inflation by comparing the cost of things today with how much they cost a year ago. The average increase in prices is known as the inflation rate.
The government sets an inflation target of 2%.
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