United Kingdom: Inflation decreases in April
May 17, 2016
In April, consumer prices increased 0.1% over the previous month, below the 0.4% increase seen in March, which had marked the highest reading since August 2014. The figure reflected higher prices for alcohol and tobacco.
Inflation was 0.3% in April, which came in below March’s 0.5%, which had recorded the highest reading in over a year. The figure was down from the 0.5% expected by the markets. Finally, annual average inflation in April was stable at March’s 0.1%.
Author: Dirina Mançellari, Senior Economist