UK consumer price inflation unexpectedly slowed to an 18-month low in August, official data showed ahead of the Bank of England's monetary policy announcement on Thursday, raising chances of a pause in the interest rate hike cycle.
The consumer price index posted an annual increase of 6.7 percent in August after rising 6.8 percent in July, the Office for National Statistics reported Wednesday.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.