U.K. | 18 May. Falling Airline Fares Mask Higher Services Sector Inflation
CPI inflation surprised to the downside in April, falling to 0.3% from 0.5% in March. Both the consensus and ourselves expected the rate to hold steady. Nearly all of the surprise, however, was in airfares and clothing inflation, which were depressed,
to a greater extent than we anticipated, by the shift in the timing of Easter and bad weather, respectively.
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By Samuel Tombs
CPI inflation surprised to the downside in April, falling to 0.3% from 0.5% in March. Both the consensus and ourselves expected the rate to hold steady. Nearly all of the surprise, however, was in airfares and clothing inflation, which were depressed, to a greater extent than we anticipated, by the shift in the timing of Easter and bad weather, respectively.
Posted: 18th May 2016 in 'U.K.'
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