The Office for National Statistics said Consumer Prices Index (CPI) inflation fell to its lowest level for more than a year last month, at 8.7% down from 10.1% in March, as energy prices stabilised after sky-high rises a year ago.
But it was higher than forecast by economists, who had pencilled in a drop to 8.2% in April, and more than the Bank of England had predicted just two weeks ago.
The figures showed food inflation at 19.3%, down only slightly on March’s eye-watering 19.6% and remaining close to the highest rate for more than 45 years.
Diese Geschichte stammt aus der May 25, 2023-Ausgabe von The Herald.
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Diese Geschichte stammt aus der May 25, 2023-Ausgabe von The Herald.
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