Hotter than expected UK inflation dampens June rate cut hopes

CPI falls to higher than expected 2.3% in April

Eve Maddock-Jones
clock • 2 min read
On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in April 2023, according to data from the Office for National Statistics.
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On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in April 2023, according to data from the Office for National Statistics.

UK inflation came in higher than expected for April at 2.3%, but this was still the lowest level since summer 2021.

Economists had forecast the Consumer Price Index (CPI) to drop to 2.1% for the month, a sharp drop from 3.2% in March. On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of...

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