Inflation in the UK posted a surprise drop in April as a big decline in air fares dragged the consumer price index lower. Annual CPI rose by 0.3% in the 12 months to April, falling short of expectations that it would stay unchanged at 0.5%. The month-on-month rate also missed estimates, as CPI in April increased by 0.1% from March, instead of 0.3% as forecast. Core CPI, which excludes energy, food and alcoholic beverages, was unchanged on the month, missing [..]
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