UK consumer price inflation exceeded the central bank's target in April for the first time since December, driven by higher utility costs and air fares.Meanwhile, core inflation held steady for a second month in a row, further damping hopes of an interest rate hike this year. Consumer price inflation rose to 2.1 percent in April from 1.9 percent in March, figures from the Office for National Stati...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.