UK Inflation, April 2024

The war between Russia and Ukraine – major producers of food and energy – has disrupted global production, trade and distribution in these areas, leading to price rises.

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UK inflation eased to 2.3% in April, the Office for National Statistics said on Wednesday, close to the Bank of England’s target rate even if it missed expectations.

The headline reading was down from 3.2% in March, but economists polled by Reuters had expected a steeper drop to 2.1%.

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