UK Inflation Rate Unchanged at 8.7 Percent in May

Mortgage-holders to feel the pressure of increased interest rates

A customer shops for food items inside a Tesco supermarket store in east London, on Jan. 10, 2022. Daniel Leal/AFP via Getty Images

The UK’s Consumer Prices Index (CPI) inflation rate stayed at 8.7 percent in May, the same level as in April.

Experts had forecast a fall to 8.4 percent, but inflation has proved more stubborn than expected.