UK DIY News
Inflation figures show fall
Inflation resumed its downward path in April with the headline rate hitting 3%.
The fall will come as a relief to the Bank of England after last month's unexpected rise in CPI inflation to 3.5% cast doubt on its projections.
The significant decline in April will also increase confidence in forecasts that inflation will return to the 2% target level in the coming months.
The retail prices index, which includes housing costs, fell from 3.6% to 3.5%.
The largest downward effects came from
furniture and furnishings and household textiles partially offset by an upward contribution from carpets and other floor coverings.
Source : James Reed – The Business Desk Yorkshire
www.thebusinessdesk.com/yorkshire/news/324622-inflation-figures-show-fall.html?news_section=5

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