Britain’s inflation rate is likely to fall at the sharpest pace in more than 30 years when April figures are reported on Wednesday, giving households a glimmer of relief from the worst cost-of-living squeeze in generations.
The Consumer Prices Index is expected to tumble to 8.2% last month from 10.1% in March, according to a Bloomberg survey of economists. The drop is due to sharp increases in energy prices a year ago falling out of the comparison.
Read More : UK’s Inflation Rate Set to Experience Steepest Decline in Three Decades