UK inflation exceeded forecasts in April, driven by utility bills and travel. Learn how this impacts BoE policies, markets, and your investments.

Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to slow its already gradual pace of interest rate cuts.

The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.

U.S. CPI readings for April were a touch lighter than forecasted, with U.S. headline CPI up +0.2% month-over-month (MoM) and up +2.3% year-over-year (YoY).

Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.

The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the expectations of forecasters who closely track how the Labor Department measures inflation.

South Africa's inflation rose marginally in April due to higher food prices but remained below the central bank's target range, statistics agency data showed on Wednesday.

A certain white-knuckle angst accompanied Britain’s early-morning inflation releases in 2022 and 2023, when prices were rising at a pace not seen in decades. Lately, the mood has been calmer. But new figures for April, published on May 21st, brought unwelcome flashbacks to the economists, traders and mandarins watching the data.

RBI bulletin flags high gold prices as key driver of rising core inflation, now at 18-month high of 4.21% in April. This may lead to repo rate cuts in June and August. Despite low headline CPI at 3.16%,

Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.