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International Business Times
International Business Times
World
Roland JACKSON

UK Inflation Slows To Near Three-year Low

News of sharply lower inflation sets the scene for this year's general election, as beleaguered British Prime Minister Rishi Sunak's Conservatives trail the main opposition Labour Party at opinion polls. (Credit: AFP)

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch before this year's general election.

The Consumer Prices Index slowed to 2.3 percent from 3.2 percent in March, the Office for National Statistics revealed in a statement, dashing market expectations of a sharper slowdown to 2.1 percent.

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