The Office for National Statistics informed today that inflation level in U.K. increased by 0.6% in April. The change follows 0.3% gain in March.
On yearly basics CPI declined to 3.0% in April, instead of reaching at least 3.1% estimated by economists. Reading in March 2012 showed CPI at 3.5%. So called Core CPI (excluding volatile items) also recorded decrease to 2.1%, comparing with April 2011. After report release couple GBP/USD was traded at 1.5814.
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