# UK inflation hits 2.1%, vaults past Bank of England target | Reuters

> UK consumer price inflation unexpectedly rose to 2.1% in May, above the Bank of England's 2% target, after April's 1.5%. Further increases are expected as the economy reopens.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/46826-uk-inflation-hits-2-1-vaults-past-bank-of-england-target-reuters
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK inflation feeds into the Bank of England's rate outlook and sterling, but it has no direct effect on feed commodity supply or prices.

## Sources

- reuters.com: https://www.reuters.com/world/uk/uk-inflation-rises-21-may-2021-06-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.