UK consumer price inflation exceeded expectations in April on higher energy prices, the Office for National Statistics said on Wednesday. Consumer prices advanced 1.5 percent year-on-year in April, more than double the March's 0.7 percent increase. A similar higher rate was last seen in March 2020. Prices were forecast to gain 1.4 percent in April.At the May monetary policy committee meeting, poli...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.