UK inflation fall takes markets by surprise

Bank of England

The UK's Office for National Statistics (ONS) today revealed consumer price inflation, the measure targeted by the Bank of England's monetary policy committee (MPC), fell for the first time in six months by 40 basis points, to 2.4% in the year to April 2013.

The figures surprised the market, although the Bank of England's inflation report, released last week, did show the MPC predicting a drop in inflation for April before it kicks up again towards 3% by the end of the first half of this year.

T

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: