Sterling slides as inflation hits fresh one-year low

Falls to 2.4%

Tom Eckett
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‘We might not see a rate rise for the rest of the year’: Sterling slides as inflation hits fresh one-year low
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‘We might not see a rate rise for the rest of the year’: Sterling slides as inflation hits fresh one-year low

UK consumer price inflation (CPI) fell 0.1 percentage points in April to 2.4%, a fresh one-year low and missing economists' expectations who had predicted inflation to remain at 2.5%.

According to the Office for National Statistics (ONS), the largest downward pressure on the Consumer Prices Index (CPI) came from airfares, which were "influenced" by the timing of Easter, while clothing...

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