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UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs

UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs

https://www.theguardian.com/profile/tom-knowles· ·2 min read · 0 reactions · 0 comments · 49 views
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UK inflation has decreased to 2.8% in April, aided by a reduction in the household energy price cap. This drop is seen as temporary, as rising fuel costs due to the Iran war may soon impact households more significantly. Economists are cautious, noting that wage growth has slowed and unemployment has risen, which could influence future interest rate decisions by the Bank of England.

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The Guardian — UK publishes from United Kingdom and files mainly under news. We currently carry 850 of its stories.

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The Guardian — UK · https://www.theguardian.com/profile/tom-knowles
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Original publisherThe Guardian — UK
Canonical URLhttps://www.theguardian.com/business/2026/may/20/uk-inflation-slows-energy-price-cap-softens-impact-of-rising-fuel-costs
Publication timeWed, 20 May 2026 06:01:29 GMT
Retrieval time2026-05-20T06:25:00.381Z
Last seen2026-05-20T06:25:00.381Z
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Opening excerpt (first ~120 words) tap to expand

Economists believe the drop in inflation is unlikely to last. Photograph: Tolga Akmen/EPAView image in fullscreenEconomists believe the drop in inflation is unlikely to last. Photograph: Tolga Akmen/EPAInflationUK inflation slows to 2.8% as energy price cap softens impact of rising fuel costsLower than expected April annual rate a lift for Rachel Reeves, who moved some renewables costs away from household bills Business live – latest updates Tom KnowlesWed 20 May 2026 02.01 EDTLast modified on Wed 20 May 2026 02.22 EDTSharePrefer the Guardian on GoogleUK inflation slowed to 2.8% in April, according to official figures, as a reduction in the household energy price cap helped soften the sharp rise in fuel costs since the start of the Iran war.The Office for National Statistics (ONS) said…

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — UK.

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