U.K. annual inflation slowed more than expected in April and reached the lowest since February 2010, data from the Office for National Statistics showed Tuesday.
Consumer price inflation fell to 3 percent from 3.5 percent in March. The figure was slightly below the expected rate of 3.1 percent. Nonetheless, inflation continues to stay above the 2 percent target.
At the same time, monthly inflation doubled to 0.6 percent from 0.3 percent in the previous month. The rate came in line with economists' expectation.
Retail price inflation eased marginally to 3.5 percent from 3.6 percent in March. The annual rate was last lower in December 2009.
Excluding mortgage interest payments, retail prices rose by 3.5 percent from a year ago, slower than the 3.7 percent rise seen in March.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.