Annual inflation in UK in April speeds down to 2.4%

Annual inflation in UK in April speeds down to 2.4%

In April this year consumer prices in Great Britain edged up by 0.4% in contrast with the previous month and also by 2.4% compared to April 2017, according to the National Statistic Office of the country.

On average market experts expected the rise of the first indicator by about 0.5%, the second - by 2.5%.

In March, the leap in prices accounted for 0.1% and 2.5%, respectively.

The surge of consumer prices is still above the target mark of the BoE at 2% for fifteen months in a row. The annual lift in April appeared to be the lowest for the last 13 months. Apparently, one of the factors was the tumble in the cost of air tickets because this year Easter fell in March, and in 2017 - in April.

The CPI Core index, excluding alcohol, tobacco and food as well as energy prices, accounted for 2.1% the previous month in contrast with 2.3% in March. Market experts expected a slowdown in growth to 2.2%.

In April, prices for food as well as non-alcoholic beverages dipped by 0.2% in monthly terms. Clothing along with footwear ascended by 0.4%, alcohol and tobacco products - by 0.8%, while transport services declined by 1%.

At the same time, the cost of soft drinks rallied by 2.8% compared to March, which was a record soar during the settlement. It was due to the introduction of a tax on high sugar content in soda.

The previous month retail prices tacked on by 3.4% compared with April 2017 and also by 0.5% compared to March of this year. That’s the RPI index employed by UK employers when it comes to negotiating wages. As for the difference in the dynamics of the CPI and RPI indices, it can be explained by the very inclusion of housing costs in the RPI, and also different weights of air fares, gasoline prices and insurance.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera