Core inflation did not fall as sharply as expected in April

Annual CPI and core inflation rate, %

CPI

Core inflation - CPI excl energy, food,

alcohol and tobacco

12%

10

8

Bank of England

target rate 2%

6

4

2

0

-2

2004

2008

2012

2016

2020

2024

CPI

Core inflation - CPI excl energy, food, alcohol and tobacco

12%

10

8

6

Bank of England

target rate 2%

4

2

0

-2

2004

2006

2008

2010

2012

2014

2016

2018

2020

2022

2024