Inflation & Prices
UK’s Inflation Rate May Fall at Sharpest Pace in 30 Years
- April data to end seven-month streak of double-digit rises
- But markets keep up bets on BOE rates going as high as 5%
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Britain’s inflation rate is likely to fall at the sharpest pace in more than 30 years when April figures are reported on Wednesday, giving households a glimmer of relief from the worst cost-of-living squeeze in generations.
The Consumer Prices Index is expected to tumble to 8.2% last month from 10.1% in March, according to a Bloomberg survey of economists. The drop is due to sharp increases in energy prices a year ago falling out of the comparison.