Reprieve! The British consumer has received a stay of execution. Figures just released by the Office for National Statistics (ONS) show inflation last month fell to 2.8 per cent – down from 3.3 per cent in March and by more than most economists had forecast. But don’t bother reading the ‘corner has been turned’ press

Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.

Economists polled by Reuters had expected the inflation rate to drop back to 3%, cooling from 3.3% in March.

The headline CPI rate dropped from 3.3 per cent in March to 2.8 per cent, more than most analysts had expected.

The data for inflation in the year to April compared to a previous inflation reading of 3.3 per cent in the year to March.

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation to 2.8% in April, down from 3.3% in March.

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Reprieve! The British consumer has received a stay of execution. Figures just released by the Office for National Statistics (ONS) show inflation last month fell to 2.8 per cent –…

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Economists said April’s inflation fall will only be a brief respite before the Middle East conflict sends prices spiking again.

ONS reported that the Consumer Prices Index inflation fell to 2.8 per cent