Drop in April is smaller than forecast but level is still lowest in almost three years
Big drop in UK inflation disguises more disappointing detailsWhich goods and services have changed most in price?Business live – latest updates
UK inflation fell to 2.3% in April – its lowest level for almost three years – but the decline was smaller than expected, denting hopes of an early interest rate cut.
City analysts had forecast the annual increase in the cost of goods and services would fall to 2.1%, close to the Bank of England’s 2% target.
About Author
More Stories
Qantas posts $1.39bn profit as holidaymakers flock to Jetstar
#AltGov: the secret network of federal workers resisting Doge from the inside
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims