UK Inflation Hits 2.3% in April, Clouds Expectations for Rate Cut

Wednesday, 22 May 2024, 07:11

The UK inflation dropped to 2.3% in April, its lowest level in almost three years. However, the decrease was smaller than expected, reducing the likelihood of an immediate interest rate cut. City analysts had anticipated a drop to 2.1%, aligning with the Bank of England's target of 2%.

https://store.livarava.com/d91e3c09-18b0-11ef-a3d4-9d5fa15a64d8.jpg — UK Inflation Hits 2.3% in April, Clouds Expectations for Rate Cut

UK Inflation Falls by 2.3% in April

The UK inflation rate dipped in April to 2.3%, the lowest in nearly three years. Despite being higher than the forecast, the figure still points towards a downward trend.

Disappointing Details Uncovered

Goods and Services Impact: The biggest changes in prices were found across different goods and services categories.

The business live updates shed light on the nuanced impact and implications of this inflation trend, hinting at the broader economic landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

UK Inflation Falls by 2.3% in April

Disappointing Details Uncovered

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