1
Q
What is inflation in the UK?
A
UK inflation 4.6%
2
Q
What does this data reinforce belief in?
A
The data reinforced the belief in financial markets that the Bank of England may have finished raising interest rates.
3
Q
Why did inflation in UK fall?
A
The fall in headline inflation was partly driven by a reduction in the energy regulator Ofgem’s price cap and slowing food price inflation. The core CPI rate, excluding energy and food, also decreased.
4
Q
What happened to bond prices and yields?
A
Bond prices have increased leading to a reduction in yields
BlackRock Markets
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