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UK CPI up more than expected

The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.6% in April 2017, up from 2.3% in March. The rate has been steadily increasing following a period of relatively low inflation in 2015 and is at its highest since June 2013. Air fares were the main contributors to the increase in the rate in April 2017, although this balanced out a downward effect of similar magnitude in March 2017 and is due to Easter falling later than last year.

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US CPI increased by 0.1%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics  reported today. Over the last 12 months, the all items index rose 2.2 percent  before seasonal adjustment.

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China's CPI increased by 1.2%

Chinese consumer prices rose unexpectedly in April compared to a month ago, a sign the recent surge in producer inflation was beginning to trickle down to the consumer level. Beijing’s official consumer price index (CPI) edged up 0.1% from March, after falling 0.3% the previous month, the National Bureau of Statistics said in a report on Wednesday. Analysts in a median estimate called for no change compared to March. Compared to a year ago, CPI inflation climbed 1.2%, following a 0.9% increase the previous month.

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Eurozone CPI expected to be 1.9% in April

Euro area annual inflation is expected to be 1.9% in April 2017, up from 1.5% in March 2017, according to a flash estimate from Eurosta. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (7.5%, compared with 7.4% in March), followed by services (1.8%, compared with 1.0% in March), food, alcohol & tobacco (1.5%, compared with 1.8% in March) and non-energy industrial goods (0.3%, stable compared with March).

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