UK inflation, April
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UK inflation exceeded forecasts in April, driven by utility bills and travel. Learn how this impacts BoE policies, markets, and your investments.
The headline rate of UK inflation jumped by more than expected to 3.5% in April, this morning's ONS report shows
Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water
The dip in the U.S. credit rating indicates that ratings agencies believe the government is at a higher risk of default on its debt. While the U.S. rating still remains relatively high, the decrease may make investors more hesitant to lend to the government, and demand higher compensation for lending in the form of higher interest rates.
Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on Tuesday.
U.S. CPI readings for April were a touch lighter than forecasted, with U.S. headline CPI up +0.2% month-over-month (MoM) and up +2.3% year-over-year (YoY).
A bounce in inflation will likely alarm interest rate-setters at the Bank of England as well as Chancellor Reeves.