Drop in April is smaller than forecast but level is still lowest in almost three years
- Big drop in UK inflation disguises more disappointing details
- Business live – latest updates
UK inflation fell to 2.3% in April – its lowest level for almost three years – but the decline was smaller than expected, denting hopes of an early interest rate cut.
City analysts had forecast the annual increase in the cost of goods and services would fall to 2.1%, close to the Bank of England’s 2% target.
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