UK inflation exceeded forecasts in April, driven by utility bills and travel. Learn how this impacts BoE policies, markets, and your investments.

Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to slow its already gradual pace of interest rate cuts.

The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor Statistics said Tuesday.

U.S. CPI readings for April were a touch lighter than forecasted, with U.S. headline CPI up +0.2% month-over-month (MoM) and up +2.3% year-over-year (YoY).

South Africa's headline consumer inflation rose marginally to 2.8% year on year in April from 2.7% in March , data from the statistics agency showed on Wednesday.

Annualized inflation eased to a 2.3 percent pace, the lowest since early 2021. But the month-to-month pace of inflation increased.

The Bureau of Labor Statistics' latest consumer price index report showed that inflation ticked slightly higher in April as tariffs begin to have an economic impact.

The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the expectations of forecasters who closely track how the Labor Department measures inflation.

Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on Tuesday.

Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water.