Economists forecast large drop in annual consumer price inflation to 2.1% from 3.2% in March due to lower energy prices
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Inflation in the UK is expected to have slowed further, to an annual rate of 2.1% in April from 3.2% in March, figures from the Office for National Statistics are expected to show at 7am BST.
1 April is frequently referred to as ‘National Price Hike Day’ due to firms and governments often increasing prices at the start of the new financial year. For example, in April we traditionally see price hikes in TV, broadband, train fares and water bills.
But for inflation, what is key is the size of the monthly increase relative to last year. Although many consumers experienced large price rises in April, for the most part, these were smaller increases than last year, and thus will subtract from inflation.
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