UK April inflation slips

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By Euronews  with Reuters
UK April inflation slips

<p>Inflation in British slipped in April for the first time since September last year.</p> <p>Consumer prices rose 0.3 percent from April 2015, <a href="https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/apr2016#main-points" title="ONS">the Office for National Statistics</a> said. Economists had expected inflation to remain at 0.5 percent.</p> <p>Factors were a drop in airfares after a surge in March around the Easter holidays, as well as lower clothing prices.</p> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">0.3% rise in <a href="https://twitter.com/hashtag/CPI?src=hash">#CPI</a> in the year to April, down from 0.5% in the year to March <a href="https://t.co/udc4FON3Yy">https://t.co/udc4FON3Yy</a> <a href="https://twitter.com/hashtag/inflation?src=hash">#inflation</a></p>— <span class="caps">ONS</span> (@ONS) <a href="https://twitter.com/ONS/status/732488708998324225">May 17, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p>An <span class="caps">ONS</span> measure of core consumer price inflation – which strips out changes in the price of volatile energy, food, alcohol and tobacco – fell to 1.2 percent, compared with economists’ expectations for 1.4 percent.</p> <p>The UK central bank, the Bank of England, has forecast inflation will stay below one percent – and way off its two percent target – until near the end of this year due to the global slump in oil prices, the stronger pound and lacklustre growth in wages. </p> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Wage growth has been weak – read why <a href="https://t.co/hM3iisYmE5">https://t.co/hM3iisYmE5</a> <a href="https://twitter.com/hashtag/InflationReport?src=hash">#InflationReport</a> <a href="https://t.co/QKeJ2lnb99">pic.twitter.com/QKeJ2lnb99</a></p>— Bank of England (@bankofengland) <a href="https://twitter.com/bankofengland/status/732507306282389504">May 17, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>