trending Market Intelligence /marketintelligence/en/news-insights/trending/d6sahbxh0faahmimb4inka2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UK inflation lower than expected in May

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

UK inflation lower than expected in May

Annual consumer price inflation in the U.K. remained unchanged in May even as fuel prices increased the most since 2011.

Prices increased by 2.4% from a year earlier, the same rate as in April and falling short of Econoday's consensus forecast of 2.5%. Core inflation, which excludes energy, food, alcoholic beverages and tobacco, also held steady at 2.1% in May, according to the Office for National Statistics.

"Recent large rises in the cost of crude oil have fed through to prices paid by consumers at the pump. Air fares and ferry prices also contributed to the overall increase in inflation due to the timing of Easter," Mike Hardie, head of inflation at ONS, said. "However, these effects have been partly offset by price falls in computer games and energy costs rising by less than this time last year."

On a monthly basis, the consumer price index increased by 0.4% in May, slightly above expectations of 0.3%. Prices of food and non-alcoholic beverages decreased from the previous month.

The pound was down 0.37% against the U.S. dollar as of 5:32 a.m. ET.

"Were it not for energy costs though, we suspect inflation would be falling further. We expect core CPI to fall back to the 2% target next month, and we think it will stay there or just below for at least the next few months," said James Smith, developed markets economist at ING Research. "We still think an August rate rise is more likely than not, but this does rely on the economy showing more convincing signs of recovery after the weak first quarter."

Meanwhile, the annual rate of inflation for goods leaving the factory gate, or output prices, rose for the first time since November 2017, rising by 0.4 percentage point to 2.9% in May from April. Output prices increased by 0.4% on a month-over-month basis.

The annual inflation rate for materials and fuels purchased by manufacturers, or input prices, reached its highest level in almost a year, increasing by 3.6 percentage points to 9.2% in May. Input prices were up 2.8% in May from April.