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UK inflation has fallen but it’s not all good news – here’s why
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBritain has experienced its first fall in inflation this year, with the annual rate of consumer price rises decreasing from 3.3 per cent in March to 2.8 per cent in April. This reduction is largely attributed to government measures aimed at lowering energy costs. However, experts warn that this decline may be temporary, with forecasts suggesting inflation could surge to between 4 and 5 per cent by the summer. This anticipated rise is primarily linked to the full impact of the Iran war, which is expected to drive up both fuel and food prices.The development comes as the government urges supermarkets to cap food prices. Some industry bodies have cautioned that food price inflation could escalate to nearly 10 per cent by the end of the year.In fullUK inflation falls to 2.8% – but experts warn far higher price rises on the wayThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
UK inflation rate set to fall as lower household energy bills offset fuel surge
Most economists think the rate of Consumer Price Index (CPI) inflation slowed to 3% in April, from 3.3% in March.
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cnbc.com
UK inflation rate eases to 2.8% in April, but slowdown is expected to be short-lived
Economists polled by Reuters had expected the inflation rate to drop back to 3%, cooling from 3.3% in March.
