Smaller annual drop in April than forecast could delay Bank of England interest rate cut
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 a return to the Bank of England’s 2% target.
The drop in the consumer prices index (CPI), down from 3.2% in March, was driven by easing energy and food costs. The last time it was lower was in July 2021.
Continue reading…Smaller annual drop in April than forecast could delay Bank of England interest rate cutBusiness live – latest updatesUK inflation fell to 2.3% in April – its lowest level for almost three years – but the decline was smaller than expected, denting hopes of a return to the Bank of England’s 2% target.The drop in the consumer prices index (CPI), down from 3.2% in March, was driven by easing energy and food costs. The last time it was lower was in July 2021. Continue reading…
