Saturday, July 12, 2014

British inflation eases by more than expected

May 21. 2013 5:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.

The Office for National Statistics said Tuesday that the annual rate fell to 2.4 percent in April from 2.8 percent the previous month. The fall was bigger than anticipated the consensus in the markets was for a more modest fall to 2.6 percent.

Inflation nevertheless remains above the Bank of England's target of 2 percent.

The drop in inflation hit the pound, as investors speculated that it may prompt the central bank to enact another monetary stimulus soon.

After the figures were released, the pound was trading 0.5 percent lower at $1.5190. Prior to their release, the pound was trading around the $1.5213 mark.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds