U.K. Inflation Rate Declined to 2.5 Percent in May, Lowest in Seven Months

(Bloomberg) -- The U.K.'s inflation rate fell to the
lowest level in seven months in May after utility companies cut
Britons' gas and electricity bills.

Consumer prices increased an annual 2.5 percent after gaining
2.8 percent in April, the Office for National Statistics said in
London today. The median forecast of 33 economists in a Bloomberg
News survey was for a rate of 2.6 percent. On the month, prices
rose 0.3 percent, the same as in April.


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