The UK CPI moderated in April to 2.3%, at its lowest since summer 2021

MADRID, 22 May. (EUROPA PRESS) –

The year-on-year inflation rate in the United Kingdom stood at 2.3% last April, nine tenths below the price increase recorded in March and the lowest reading of the index since July 2021, according to published data. by the Office for National Statistics (ONS).

In this way, the British CPI continues to moderate since in October 2022 it reached a record since 1997 of 11.1%, although the drop registered in the third month of 2024 has been less intense than expected by the market consensus, which anticipated 2.1%.

The increase in the cost of living in the United Kingdom during the month of April reflected the lower rise in the cost of food and non-alcoholic beverages, with an increase of 2.9% year-on-year, compared to the increase of 4% in March, while Alcohol and tobacco became more expensive by 8.1% instead of 12.1% the previous month.

For its part, the cost of goods as a whole slowed to -0.8% from 0.8% in March, while that of services moderated only to 5.9% from 6%.

Thus, discounting the impact of energy and fresh food, the core CPI increased by 3.9% year-on-year in March, compared to 4.2% in the previous month.