U.K. Inflation Slowed in April, but Remains Stubbornly High

U.K. Inflation Slowed in April, but Remains Stubbornly High

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Why It Matters: Food prices are the main inflation concern. The slowdown in inflation was less than the Bank of England’s forecast, which had projected 8.4 percent for April. The inflation data has repeatedly turned out higher than the bank expects, intensifying the challenge facing policymakers…

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