UK inflation holds at 2.8% in May as services prices climb to 3.7%
UK consumer price inflation held at 2.8% in the year to May 2026, unchanged from April, while services inflation rose to 3.7% (ONS, 17 June). Sticky services prices are what the Bank of England watches most closely, so this trims the odds of a near-term Bank Rate cut. For buyers, cheaper mortgage pricing likely arrives gradually rather than in a step change; for sellers, demand holds steady rather than accelerating. A holding pattern, not a turn.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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