British inflation eases by more than expected

[The Patriot]

British inflation eases by more than expected

05-21-2013 02:14 AM

Tags:
News
British
Inflation



British inflation eases by more than expected


by: The Associated Press

published: May 21, 2013

Share This:


Tweet

Comments
Email
Print


*LONDON (AP) -- Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.

The Office for National Statistics said Tuesday that the annual rate fell to 2.4 percent in April from 2.8 percent the previous month. The fall was bigger than anticipated - the consensus in the markets was for a more modest fall to 2.6 percent.

Inflation nevertheless remains above the Bank of England's target of 2 percent.

The drop in inflation hit the pound, as investors speculated that it may prompt the central bank to enact another monetary stimulus soon.

After the figures were released, the pound was trading 0.5 percent lower at $1.5190. Prior to their release, the pound was trading around the $1.5213 mark.


Tags: British, Inflation, RAF Alconbury, RAF Croughton, RAF Fairford, RAF Lakenheath, RAF Mildenhall, RAF Molesworth, News
Related Content:






British inflation eases by more than expected


by: The Associated Press

published:

Share This:


Tweet

Comments
Email
Print


*LONDON (AP) -- Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.

The Office for National Statistics said Tuesday that the annual rate fell to 2.4 percent in April from 2.8 percent the previous month. The fall was bigger than anticipated - the consensus in the markets was for a more modest fall to 2.6 percent.

Inflation nevertheless remains above the Bank of England's target of 2 percent.

The drop in inflation hit the pound, as investors speculated that it may prompt the central bank to enact another monetary stimulus soon.

After the figures were released, the pound was trading 0.5 percent lower at $1.5190. Prior to their release, the pound was trading around the $1.5213 mark.


Tags: British, Inflation, RAF Alconbury, RAF Croughton, RAF Fairford, RAF Lakenheath, RAF Mildenhall, RAF Molesworth, News
Related Content:







More...