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Get the free app no ads · no paywallNews · 17 June 2026
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The UK's inflation rate surprisingly held steady at 2.8% in the year to May, easing fears about the cost of living squeeze. The ONS, the UK's statistics body, reported that falling food prices and cheaper domestic heating oil offset rises in air fares and petrol. However, some farmers expect food prices to rise later this year due to the Iran war's impact on fertiliser costs.
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