UK Inflation Falls to 2.8% in April, Below Expectations

UK's annual inflation rate decreased to 2.8% in April from 3.3% in March, influenced by government measures to reduce household energy bills. According to Jin10, this figure was lower than the market expectation of 3.0%. Despite the larger-than-expected drop in inflation, the British pound remained largely unchanged. Luke Bartholomew, an economist at Aberdeen Group, noted in a report that this cooling inflation would further ease the pressure on the Bank of England to raise interest rates in the short term. However, he cautioned that regarding the impact of the Iran conflict on inflation, the situation is far from resolved.