Consumer price growth slowed to below 10% for the first time in seven months, but core readings have surged to decades-high levels The UK’s consumer price index (CPI) dropped to 8.7% in annual terms in April but remains higher than expected, according to data published by the Office for National Statistics (ONS) on Wednesday. The CPI, also referred to as headline inflation, slid below 10% for the first time since August last year, although it is still the second highest in Western Europe after Austria. It also came in above the Bank of England’s (BoE) forecast, which predicted inflation to drop to 8.4% in April. “
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