UK inflation drops to lowest since 2016 as coronavirus hits

UK inflation drops to lowest since 2016 as coronavirus hits
  • Clock-gray 14:20
  • calendar-gray 20 May 2020

Britain’s inflation rate fell sharply in April to its lowest since August 2016 as retailers resorted to discounts in the face of the coronavirus shutdown, global oil prices slumped and regulated water and power tariffs slid, APA reports citing Reuters.

The consumer price index dropped to an annual rate of 0.8% in April from 1.5% in March, official data showed on Wednesday.

apa-logo-mini

Other news