THE UK’s rate of inflation remained the same in May from the month before, the latest official figures show.
The Consumer Price Index level of inflation was frozen at 8.7%, the same as in April, the Office for National Statistics said.
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Inflation is a measure of how the price of goods and services has changed over the past year.
It has eased slightly since the eye-watering 11.1% seen in October, which was driven by soaring gas and electricity prices.
But the figures make it likely the Bank of England will raise its base rate tomorrow from 4.5%, piling pressure on mortgage owners.
