UK inflation slows to near three-year low
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UK inflation rate slowed to 2.3% in April, the lowest level since July 2021. The data comes after the Bank of England signaled a summer interest rate cut. The lower inflation rate sets the scene for this year's general election, with the Conservatives trailing the Labour Party in opinion polls. The International Monetary Fund cautioned the Bank of England about the timing of rate cuts, warning that premature cuts could risk higher inflation. Gas and electricity bills sank in April on lower wholesale energy prices. Food and drink price rises also slowed. UK inflation peaked at 11.1% in late 2022 and has decelerated sharply since then.

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https://www.legit.ng/business-economy/economy/1593551-uk-inflation-slows-year-low/