Prices in the UK are changing. In May, price levels stayed the same. The Bank of England wants low prices.
Inflation means things cost more money now. For example, milk costs more this year. Experts look at many items to measure prices.
This list has food, fuel, and new tools. In 2026, they added pet care and cameras. They took away beer and paper.
Food prices went up slowly in May. The cost of meat and pasta went down. Energy bills were also lower in April.
However, prices are still high. People want more money for their work. This makes prices go up again.
The Bank of England changes rates to help. High rates make borrowing hard. This stops prices from rising too fast, but it makes house payments difficult.
The US and Europe have problems too. 2% in May. 2%.
A new peace deal helps. Oil prices are lower now because of the deal. Everyone is watching the bank this week.
They want to see the new rates. The bank will talk soon. Prices might fall next month.
Life will be easier for people. We hope for good news.