UK inflation slows to 2.8 percent amid energy caps
UK inflation fell to 2.8% in April as energy caps provided relief. Analysts warn the slowdown is temporary as fuel costs rise due to the Iran war impact.
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United Kingdom inflation fell to 2.8% in April, down from 3.3% in March as lower energy prices offset rising fuel costs. The reading beat Reuters poll expectations of 3.0% and marks the lowest level since March 2025. Investors reduced bets on Bank of England rate hikes, though war-driven energy shocks threaten a return to 4% inflation.
