RTTNews - Tuesday, the Office for National Statistics said in a report that UK consumer price annual inflation eased to 2.3% in April from 2.9% in the previous month. Economists had expected the annual rate to slow to 2.4%. On a monthly basis, consumer prices climbed 0.2%, slower than the expected rise of 0.4%.

The retail price index stood at 211.5 in April, up from the prior month's 211.3, representing a 0.1% monthly increase.

Meanwhile, retail prices declined 1.2% year-on-year versus a 0.4% fall in March. Excluding mortgage interest payments, the index was up 1.7%, slower than the 2.2% rise seen in the prior month.

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