UK inflation plummets as impact of lockdown takes effect

The UK's consumer price index (CPI) 12-month inflation rate almost halved to 0.8% in April from 1.5% in March, representing the country's lowest reading since August 2016 and putting it on course to hitting 0% in the coming months, according to economists. Britain's Office for National Statistics (ONS) figures released this morning show that CPIH, which also measures owner occupiers' housing costs, was 0.9%, down from 1.5% a month earlier, as the impact of lockdown affected the price of goods across the economy. Laura Suter, a financial analyst at investment platform AJ Bell, comm...