Britain's annual inflation rate fell more than expected in April, largely due to a drop in energy prices in the months before the Middle East war, official data showed Wednesday.

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.

Inflation could hit 5 per cent by the summer, economists forecasts, as the full effects of Iran War take hold

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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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

Britain's annual inflation rate fell more than expected in April, largely due to a drop in energy prices in the months before the Middle East war, official data showed Wednesday.

Prices rose more slowly in April but the cost of living remains high and could still get worse before it gets better