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  5. UK inflation falls to 2.3%

UK inflation falls to 2.3%

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According to recent reports, inflation has experienced a significant decline over the past month, reaching its lowest level in nearly three years. The annual increase in consumer prices fell to 2.3% in April. This rate is also slightly less than economists expected and marks the lowest reading since July 2021. Additionally, food inflation slowed down to 2.9%, from 4% previously. The drop in consumer prices has led markets to trim their predictions of a 0.25 percentage point interest rate cut by the Bank of England.

  1. GBThe Times
    1. UK inflation falls to 2.3% — pointing to August interest rates cut
  2. GBThe Guardian
    1. UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut
  3. USThe New York Times
    1. U.K. Inflation Falls to 2.3 Percent, Lowest in Three Years

Bank of England

  1. Bank of England cuts interest rate from 16-year high
  2. UK economy emerges from recession with strongest growth in two years
  3. UK economy contracts in Q4, officially enters recession

sources

  1. 1.The Times
  2. 2.The Guardian
  3. 3.The New York Times
  4. 4.New York Times
  5. 5.Times

perspectives

  1. 1.Inflation
  2. 2.British Politics
  3. 3.UK under Rishi Sunak
  4. 4.Central Bank
  5. 5.British Economy
  6. 6.UK under Liz Truss

countries

  1. 1.United KingdomGB
  2. 2.Russian FederationRU
  3. 3.UkraineUA
  4. 4.United StatesUS

organizations

  1. 1.Bank of England
  2. 2.Office for National Statistics
  3. 3.KPMG
  4. 4.Multi-Party Charter
  5. 5.National Institute for Economic and Social Research

persons

  1. 1.Eshe Nelson
  2. 2.Paula Bejarano Carbo
  3. 3.Yael Selfin

technicals

  1. 1.Eurozone
  2. 2.Brent
UK inflation falls to 2.3%