Saturday September 19, 2020

UK consumer price growth slows in April

Figures highlight challenge facing Bank of England

17th May, 2016
Bank of England Governor Mark Carney has said Brexit vote clouds UK outlook Pic Getty

Official figures this morning show that UK inflation unexpectedly slowed in April, highlighting the struggle facing the Bank of England to revive price growth.

The rate fell to 0.3 per cent from 0.5 per cent in March, driven lower by the cost of air fares and clothes, the Office for National Statistics said in London on Tuesday. Inflation hasn’t been lower since last year and the April reading was less than the 0.5 per cent...

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