UK headline inflation in April down to 2.3% vs. 3.2% in March, core down to 3.9% vs. 4.2% in March
Bankinter : UK inflation slows sharply in April, although it came out slightly higher than expected – CPI (April): +2.3% year-on-year versus +2.1% expected and +3.2% previously. Underlying: +3.9% vs +3.6% expected and +4.2% previously. Assessment: Despite disappointing expectations, the deceleration is significant and this is good news on the UK inflation side. The price level decelerates for the second consecutive month, after stagnating at +4.0% at the beginning of…