In April, CPI inflation increased to 3.5%, primarily attributed to the Ofgem price cap rise and new measures from the Autumn Budget. Policymakers had anticipated an increase, but the extent of this rise raises alarm for the Bank of England (BoE). With strong growth figures also reported, the elevated price growth is expected to persist for the remainder of the year, suggesting limited flexibility for easing monetary policies as previously projected.
CPI inflation rose to 3.5% in April, stemming from the Ofgem price cap increase and the recent Autumn Budget measures, raising concerns for the Bank of England.
The rise in inflation was anticipated with the introduction of policy measures in April, yet the extent of the increase exceeds previous expectations.
Collection
[
|
...
]