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- U.K. consumer price index better than expected
U.K. consumer price index better than expected
The Office
for National Statistics (ONS) released the inflation figures. On a yearly
basis, the U.K. consumer price index increased 1.8% in April, from a 1.6% rise in
March. Analysts had forecasted a 1.7% gain. On a monthly basis, the U.K.
consumer price index climbed 0.4% in April, from a 0.2% rise in March. Analysts
had forecasted a 0.3% increase.
The raise
of the consumer price index was driven by the by transport and motoring costs.
The
published consumer price index showed that the growth of the inflation is faster
than the growth of wages. U.K. wages including bonuses increased 1.7% in March.
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