UK May Inflation and April Labour Market Preview

Goldman Sachs forecasts UK headline inflation to rise to 3.1% in May 2026, driven by rebounding services inflation. Meanwhile, the unemployment rate is expected to remain steady at 5.0%.

Key Takeaways

• 1.Headline inflation is expected to rise to 3.1% in May from 2.8% in April, driven largely by services inflation.
• 2.Labour market figures are anticipated to show the unemployment rate steady at 5.0% for April.

Table of Contents

• May Inflation
• April Labour Market

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