Britain's stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data that raised the chances of more interest rate hikes.
Consumer prices rose by 8.7% in annual terms in April, down from 10.1% in March but still leaving Britain with the joint highest rate of inflation among Group of Seven advanced economies alongside Italy.
In Western Europe, only Austria had a higher rate.
Economists polled by Reuters had forecast that the headline CPI annual rate would drop to 8.2% in April, moving further away from October's 41-year high of 11.1%.
Earlier this month, the Bank of England (BoE) forecast inflation of 8.4% for April.
British government bond prices plunged as investors piled on bets that the BoE will be forced to raise interest rates repeatedly until the end of the year.
[link] [comments] https://www.reddit.com/r/stocks/comments/13sccg1/uk_inflation_falls_by_less_than_expected_heaping/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
