UK April CPI declined for the first time
UK consumer price inflation declined in the previous month for the first time since September. British Inflation eased to 2.4 percent in April from 2.8 percent in March, official data showed today, an improved reading from the 2.6 percent rate that economists had predicted. UK core inflation declined to 2.0 percent in April – the lowest since November 2009.
Meanwhile, the Euro also edged higher against the Pound. The annual German Producer Price Index increased 0.1% in April, down from the 0.4% growth in March, according to official data published today. Also, on a monthly basis, Producer Price Index fell 0.2% in April, after dropping 0.2% in March and slightly below expectations of -0.1%.