UK consumer price inflation slows to 2.8 percent in April
British inflation fell to 2.8% in April as utility price base effects offset energy shocks from the conflict in the Middle East. While the Bank of England warns of future price spikes, weakening labor market data and slowing wage growth may influence upcoming interest rate decisions.
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United Kingdom consumer price inflation slowed to 2.8% in April, down from 3.3% in March. The figure beat the 3.0% forecast by Reuters economists as utility price spikes from last year exited the calculation. The Bank of England is monitoring whether energy price pressures create longer-term economic shifts.
