UK Retail Price Index Shows 0.8% Monthly Growth in April

The UK's Retail Price Index (RPI) for April recorded a monthly growth rate of 0.8%, according to Jin10. This figure falls short of the anticipated 1.4% and matches the previous month's rate of 0.8%. The RPI is a measure of inflation that reflects changes in the cost of goods and services purchased by households. The April data suggests a slower pace of price increases compared to expectations, which may influence economic forecasts and consumer spending patterns.