Saturday, June 3, 2023

UK CPI moderates at 8.7%, but core rises to 1992 high

Year-on-year inflation rate United Kingdom It stood at 8.7% last April, compared to 10.1% registered in March, reported by the British Office for National Statistics (ONS, for its acronym in English) on Wednesday.

there is a slowdown in growth prices This was lower than the consensus expectation of analysts for the month of April, who had projected an inflation rate of 8.2%.


The ONS highlights that the annual rate of decline Indian Penal Code This shows a downward contribution from 6 of the 12 divisions, with the largest downward contribution from housing and domestic services, while the largest upward variation is seen in leisure and culture.

In the fourth month of 2023, the year-on-year increase in the price of food and non-alcoholic beverages was 19%, less than one-tenth of the previous month’s increase, while the supply A living place They became 12.3% more expensive year-on-year after rising 26.1% in March.

For its part, the underlying CPI, which excludes volatility of energy, food prices, alcohol why Tobacco Accelerating to 6.8% in April, six tenths higher than in March and its highest level since March 1992.

In monthly terms, prices registered an increase of 1.2% in the fourth month of the year Alza 2.5% in March.

In their last meeting, monetary policy committee The Bank of England decided to raise the reference interest rate for its operations by 25 basis points, to 4.5%, its highest level since the autumn of 2008, thus extending the sequence of price increases to twelve consecutive meetings. Gave.

In his analysis, bank of england He indicated that he expected inflation to “fall sharply from April”, partly as a result of the base effect due to the strong growth recorded a year ago.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here