london skyline

United Kingdom Inflation April 2023

United Kingdom: Inflation overshoots expectations in April

Inflation came in at 8.7% in April, down from March’s 10.1%. April’s result marked the lowest inflation rate since March 2022, but was far higher than market expectations of 8.2%. The reading was primarily driven by far lower inflation for housing and fuels, as last April’s increase in Ofgem’s energy price cap dropped out of the base of comparison.

Annual average inflation was unchanged at March’s 10.0% in April. Meanwhile, core inflation rose to 6.8% in April, from the previous month’s 6.2%.

Finally, consumer prices increased 1.21% from the previous month in April, picking up from March’s 0.76% rise. April’s uptick was the highest reading since October 2022.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest