UK INFLATION SLOWS TO 2.8% BUT FOOD PRICE RISKS REMAIN

CPI fell from 3.3% to 2.8% in April driven by lower household energy costs. Retailers warn fresh food price pressures could return if global energy costs stay elevated. Transport and fuel prices rose on geopolitical oil disruption.

CPI fell from 3.3% to 2.8% in April driven by lower household energy costs. Retailers warn fresh food price pressures could return if global energy costs stay elevated. Transport and fuel prices rose on geopolitical oil disruption.