Inflation Trends and Monetary Policy UK Economic News In April 2025 , UK inflation decreased to 2.6%, down from 2.8% in February. This decline, attributed to lower fuel prices and subdued food price growth, has increased pressure on the Bank of England to consider another interest rate cut at its upcoming May meeting. Despite this dip, inflation remains above the bank’s 2% target and is projected to surpass 3% in April due...