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UK's Annual Inflation Eases to 2.8% in April

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Britain's annual inflation rate fell to 2.8% in April from 3.3% in March, according to data from the Office for National Statistics published Wednesday.

Analysts expected a 3% rate for the month.

On a monthly basis, consumer prices were 0.7% higher, unchanged from the previous month and compared with the market forecast of 0.9% growth.

Meanwhile, the UK's annual core inflation rate was 2.5%, compared with the prior 3.1% and expected 2.6%. Month over month, core consumer prices gained 0.7%, against the previous reading of a 0.4% uptick and the consensus estimate of a 0.8% increase.

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