UK inflation comes in unchanged in May despite Mideast war

Despite the geopolitical tensions from the U.S.-Iran war driving up petrol prices, the UK's annual inflation rate remained unchanged at 2.8% in May, largely due to a drop in food costs. This stability suggests that the inflationary impact of the war has been neutralized by other economic factors. It's crucial as it reflects the resilience of the UK economy amid global uncertainties, hinting that the war's economic ripple effects haven't yet fully materialized in domestic price levels.