UK inflation cools less than expected

The Consumer Price Index or CPI rose 2.3% from a year ago in April, down from 3.2% the previous month. — Bloomberg

LONDON: UK inflation fell less than expected last month, fuelling doubt about when the Bank of England (BoE) can start cutting interest rates.

The Consumer Price Index or CPI rose 2.3% from a year ago in April, down from 3.2% the previous month, the Office for National Statistics said yesterday. It was above with the BoE and economists’ expectations for a reading of 2.1%.