Financial News: UK Inflation Slows To 2.8%

UK Inflation Slows To 2.8%

05/20/2026 - 02:54:00 (RTTNews)

(RTTNews) - UK consumer price inflation slowed more than expected in April reflecting the fall in energy bills and reduced costs for package holidays, data from the Office for National Statistics revealed Wednesday.

Consumer price inflation slowed to 2.8 percent in April from 3.3 percent in March. Inflation was seen at 3.0 percent.

Similarly, excluding food, energy, alcohol and tobacco, core inflation softened to 2.5 percent from 3.1 percent in March.

On a monthly basis, overall consumer prices gained at a steady pace of 0.7 percent, which was also weaker than forecast of 0.9 percent increase.

Data showed that electricity and gas prices made the largest downward contribution to annual inflation. Package holidays also exerted downward pressure on the overall rate. The increase in goods prices rose to 2.4 percent from 2.1 percent, while services inflation eased to 3.2 percent from 4.5 percent.

Another data from the ONS showed that both input and output price inflation accelerated in April due to higher crude oil and refined petroleum product prices. Factory gate inflation rose to 4.0 percent from 3.0 percent in the prior month, while it was forecast to slow to 2.8 percent. At the same time, input price inflation advanced more than expected to 7.7 percent from 5.3 percent a month ago. The expected rate was 5.9 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malaysian Trade Surplus Grows In April (26 min(s), 16 sec(s) ago)
(RTTNews) - The Malaysian foreign trade surplus increased sharply in April from a year ago as expo ...Full Story»

UK Inflation Slows To 2.8% (01 hr(s), 05 min(s), 16 sec(s) ago)
(RTTNews) - UK consumer price inflation slowed more than expected in April reflecting the fall in ...Full Story»

Dutch Inflation Confirmed At 4-month High (01 hr(s), 08 min(s), 16 sec(s) ago)
(RTTNews) - Dutch consumer price inflation rose slightly as initially estimated in April to the hi ...Full Story»

European Economic News Preview: UK Inflation Data Due (02 hr(s), 02 min(s), 16 sec(s) ago)
(RTTNews) - Consumer and producer prices reports from the UK are due on Wednesday, headlining a li ...Full Story»

China Keeps Loan Prime Rates Unchanged (02 hr(s), 51 min(s), 16 sec(s) ago)
(RTTNews) - China maintained its loan prime rates unchanged for the twelfth straight month, as wid ...Full Story»

Indonesia Rate Decision On Tap For Wednesday (04 min(s), 44 sec(s) ago)
(RTTNews) - The central bank in Indonesia will wrap up its monetary policy meeting and then announ ...Full Story»

U.S. Pending Home Sales Jump More Than Expected In April (34 min(s), 44 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Tuesday showing pending home ...Full Story»

Portugal Producer Prices Rise Most Since March 2023 (43 min(s), 44 sec(s) ago)
(RTTNews) - Portugal's producer prices logged a renewed increase in April, reaching the fastes ...Full Story»