UK inflation slows to 2 pct in May: ONS data

LONDON, June 19 (Xinhua) -- The Consumer Prices Index (CPI) of the United Kingdom rose by 2 percent in the 12 months to May 2024, down from 2.3 percent in the 12 months to April, data released by the Office for National Statistics (ONS) showed on Wednesday.

The largest downward development on the CPI came from food prices, and the CPI including owner occupiers' housing costs increased by 2.8 percent in the 12 mo