At 08:00 (GMT+2), April data on the consumer price index will be released in the UK. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utilities, healthcare, etc.) which has a significant impact on monetary policy decisions. The CPI is expected to fall from 10.1% to 8.3% YoY and remain at 0.8% MoM, while the core value will remain at 6.2% YoY and decrease from 0.9% to 0.8% MoM.
