Despite a significant drop in inflation to 2.3%, the fall was less than expected, causing investors to reconsider bets on a Bank of England rate cut next month. This scenario poses challenges for Prime Minister Rishi Sunak ahead of upcoming elections, with core and services inflation remaining stubbornly high.
Inflation in Britain fell by
less than expected in April and a key core measure barely
dropped, prompting investors to pull bets on a rate cut next
month which could have boosted embattled Prime. -May 22, 2024 at 02:13 am EDT
- MarketScreener
Inflation reached a peak of 11.1% in October 2022, so it has come down a lot since then - but it still remains above the Bank of England target of 2% inflation
The Industry reacts as UK inflation falls to 2 3% ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
UK inflation falls less than expected, dashing rate hopes rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.