Surprise UK inflation data driven by air fare plunge

Source: The Guardian
The UK CPI fell short of analyst expectations as the data release showed a 0.1% monthly decrease in the measure for April, missing the predicted 0.3%, with air fares, clothing and vehicles being the main drivers for the price decrease. Data on the year-on-year inflation level showed further disappointment with 0.3%, in comparison to an expected 0.5%, while core inflation dropped to 1.2% from the previous 1.5% and missed expectations as well.

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