By Chris Dorrell Inflation returned to the two per cent target in May for the first time since July 2021 as markets prepare for the Bank of England’s latest interest rate decision tomorrow. Prices just rose 2.0 per cent in the year to May, according to the Office for National Statistics (ONS), down from 2.3 per cent in April. This was in line with economists’ expectations. Core inflation, which strips out volatile components such as food and energy, fell to 3.5 per cent, down from 3.9 per cent previously. Even though inflation has returned to the two per cent target, the Bank of England is ver…