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U.K. Economy Watchers Look to the Moon to Understand Inflation

  • Consumer-price growth distorted by late timing of Easter
  • Airfares declined last month without boost from vacationers

For economists scrutinizing the U.K.’s every data point as it moves toward Brexit, even the phases of the moon are proving significant.

While inflation’s upward trajectory paused in March, easing pressure on households budgets and Bank of England policy makers alike, the Office for National Statistics said that the unusually late timing of Easter was distorting the figures. The religious holiday changes date each year based on the timing of the ecclesiastical full moon following the vernal equinox.