New official figures have revealed that the rising cost of living did not ease as expected last month. The rate of inflation stayed flat at 8.7% in May, despite hopes from economists that it would fall and provide some relief for households.
The reading from the Office for National Statistics (ONS) could be stark reading for shoppers, homeowners and borrowers. Here the PA news agency explains what this means and how it could affect Britons.
What is inflation?
