British consumer prices rose by 2.3% in annual terms in April, slowing from a 3.2% increase in March, the Office for National Statistics said on Wednesday. The Bank of England and economists polled by Reuters had forecast an annual rate of 2.1%.
Results for: Consumer Prices
China’s consumer inflation accelerated in April, exceeding zero for the third consecutive month. Industrial prices, on the other hand, continued their prolonged decline, highlighting weak demand in the economy. The consumer price index (CPI) rose 0.3% year-on-year in April, compared to a 0.1% increase in March and a median forecast of 0.2%. Meanwhile, factory-gate prices remained in deflation for the sixth consecutive month, with the producer price index (PPI) falling 2.5% year-on-year in April.