Big drop in UK inflation rate disguises more disappointing details

Inflation, Interest rates, Bank of England, Business, Economics, Monetary policy committee, Services sector, UK news, Office for National Statistics Business | The Guardian

​Service sector inflation, monitored closely by Bank of England, barely budged in AprilUK inflation falls by less than expected to 2.3%Business live – latest updatesThe annual inflation rate fell sharply in April. Prices are rising more slowly than at any time in almost three years. Inflation is lower in the UK than it is in the EU.Even so, the latest bulletin on the cost of living from the Office for National Statistics was mildly disappointing. April’s inflation figure was always going to be good, with a sharp fall guaranteed by the fact the energy price increases of a year earlier were not repeated. Continue reading… 

Service sector inflation, monitored closely by Bank of England, barely budged in April

UK inflation falls by less than expected to 2.3%Business live – latest updates

The annual inflation rate fell sharply in April. Prices are rising more slowly than at any time in almost three years. Inflation is lower in the UK than it is in the EU.

Even so, the latest bulletin on the cost of living from the Office for National Statistics was mildly disappointing. April’s inflation figure was always going to be good, with a sharp fall guaranteed by the fact the energy price increases of a year earlier were not repeated.

Continue reading… 

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