UK inflation expected to grow far from target

Source: WBP Online
The UK inflation rate release on Tuesday is anticipated to show a steady 0.5% year-on-year advance for April, continuously showing the highest level in 15 months. The forecast is disappointingly lower than the government target which is set at an annual 2%. Core inflation, however, is likely to drop to the 1.4% mark, as opposed to 1.5% in March.

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