• U.K. April inflation falls more than forecast

Market news

21 May 2013

U.K. April inflation falls more than forecast

U.K. consumer price inflation slowed more than expected in April, to the lowest since September, data showed Tuesday.

Annual inflation fell to 2.4 percent from 2.8 percent in March, the Office for National Statistics said. Inflation was expected to ease to 2.6 percent. It has moved closer to the central bank's 2 percent target.

Month-on-month, consumer prices gained 0.2 percent, slightly weaker than the prior month's 0.3 percent increase and also below the 0.4 percent rise forecast by economists. Core inflation that excludes energy, food, alcoholic beverages and tobacco slowed to 2 percent from 2.4 percent a month ago. The rate was marginally below the consensus forecast of 2.3 percent.

CPIH, the new measure of consumer price inflation including owner occupiers' housing costs, grew 2.2 percent from a year ago, down from 2.6 percent in March.

At the same time, retail price inflation eased sharply to 2.9 percent in April, while it was forecast to fall to 3.1 percent.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.