UK CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Bank of England watches when setting interest rates.
Actual
2.3%
Forecast
2.3%
Previous
3.2%
Source: Office for National Statistics. Figures as released; revisions appear in the next print.
UK Inflation Rate (CPI) for April 2024 came in at 2.3% versus 2.3% expected (previous 3.2%), in line with forecast.
What it meant for the British Pound
The actual landed in line with the 2.3% forecast. A reading above forecast is generally bullish for the GBP, and below forecast bearish.
New to this release? See what UK Inflation Rate (CPI) measures, the next release and its full history.