Inflation flatlines - what this means for your money in the months ahead from energy bills to wages

Inflation held steady at 2.8% in May, but the ongoing Middle East conflict suggests that living costs could spike further this year. While this flatline might offer some temporary relief, the persistent tensions could drive up energy prices and disrupt global supply chains, putting more pressure on wages and household budgets. It's crucial to watch for potential shifts in energy bills and wage negotiations as the year progresses, as these factors will significantly impact financial planning and economic stability.