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UK annual inflation hits 1-year low in April

May 23, 2018 12:35 PM ETEWU, FXB, GBB-OLD, EWUS, FKU, DBUK, QGBR, HEWU, DGBP, UGBP, FLGBBy: Gaurav Batavia, SA News Editor
  • U.K. CPI unexpectedly slowed to 2.4% Y/Y in April, the lowest level since March 2017, compared to the forecast of 2.5.%.
  • CPI rose 0.4% M/M in April, compared to the 0.1% in March
  • Core CPI, which excludes food, energy, alcohol, and tobacco costs rose at a seasonally adjusted rate of 2.1% last month, below forecasts for an increase of 2.2%.
  • The retail price index increased by 3.4% on an annualized basis in April, compared to 3.3% rise in March.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Source: Investing.com

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