UK inflation eases to 2.8% on energy relief, but forecasters expect a rebound

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Source: BBC
UK inflation eases to 2.8% on energy relief, but forecasters expect a rebound
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TL;DR Summary

UK inflation slowed to 2.8% in April thanks to lower gas and electricity bills and government energy-relief measures, but analysts say it will likely rise toward about 4% by the end of the year as the Iran war keeps energy prices elevated. Petrol and diesel costs climbed in April, with prices around 156.8p and 190p per litre respectively, and fuel-price pressures have persisted into May. ONS data show producer input costs still rising and food inflation easing only modestly; the overall picture remains vulnerable to global energy trends. The government plans additional cost‑of‑living support, while the Bank of England is seen delaying rate hikes until clearer domestic inflation signals emerge.

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