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CPI falls to 2.8% - Phoebus Software reaction
20 May 2026
Richard Pike, Sales and Marketing Director at Phoebus Software:
“The surprise fall in inflation to 2.8% is good news for the economy and for consumers but is unlikely to be the start of a sustained fall and underlines just how unpredictable the current environment is. Inflation remains stubbornly high, with upward pressure from fuel and transport costs linked to the ongoing instability in the Middle East.
“At the same time, the labour market remains weak, and yesterday’s unemployment and wage data will make the Bank of England think very carefully about how far it can go in tightening policy without risking a deeper slowdown.”
