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business4h ago

UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – business live

https://www.theguardian.com/business/live/2026/may/20/uk-inflation-eases-lower-electricity-gas-bills-iran-war-business-latest-news-updateshttps://www.independent.co.uk/news/business/inflation-iran-office-for-national-statistics-rachel-reeves-b2980043.htmlhttps://www.radionewshub.com/articles/news-updates/Inflation-drops-back-by-more-than-forecast-as-energy-offsets-Iran-war-fuel-hit
Theguardian.com and 3 more
UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – business live Open in Theguardian.com
Highlights
  • UK CPI eased to 2.8% in April as electricity and gas prices fell, aided by the Ofgem cap relief and government support.
  • Analysts credit the April slowdown to Ofgem’s energy-cap update on April 1, with expectations that July cap relief may offset some effects.
  • Markets expect the BoE to raise rates by 25 basis points at the July meeting, but policymakers remain cautious given fragile growth and wage dynamics.

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References

Inflation drops back by more than forecast as energy offsets Iran war fuel hit

https://www.independent.co.uk/news/business/inflation-iran-office-for-national-statistics-rachel-reeves-b2980043.htmlIndependent.co.uk
Inflation drops back by more than forecast as energy offsets Iran war fuel hit

Inflation drops back by more than forecast as energy offsets Iran war fuel hit

https://www.radionewshub.com/articles/news-updates/Inflation-drops-back-by-more-than-forecast-as-energy-offsets-Iran-war-fuel-hitRadionewshub.com
Inflation drops back by more than forecast as energy offsets Iran war fuel hit

UK inflation rate eases to 2.8% in April, but slowdown is expected to be short-lived

https://www.cnbc.com/2026/05/20/uk-april-inflation-cpi-energy-prices.htmlCnbc.com
UK inflation rate eases to 2.8% in April, but slowdown is expected to be short-lived

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