Scottish Friendly savings expert Kevin Brown comments on this morning's inflation data

Scottish Friendly savings expert Kevin Brown comments on this morning's inflation data

"Inflation may have stood still in May, but for millions of households still feeling the pinch, this is no victory. The cost of living remains stubbornly high, and today’s figures will feel like treading water — not progress.

“While it’s a relief that inflation didn’t jump again, like it did last month, it won’t be enough to sway the Monetary Policy Committee (MPC) into cutting rates just yet. We’re still looking at August at the earliest — and possibly later. That’s more pain for mortgage holders hoping for lower rates, but a stay of execution for savers.”