British inflation slides in April
British inflation fell sharply in April, reaching the lowest level for more than two years, official data showed on Tuesday.
The 12-month inflation rate dropped to 3.0 percent last month from 3.5 percent in March -- reaching the lowest level since February 2010 -- on lower transport, clothing and food costs, the Office for National Statistics said.
Analysts had forecast a slowdown to 3.1 percent, according to a survey by Dow Jones Newswires.
The annual drop was helped by a slowdown in airfare rises. April's data covers the Easter holiday period which saw many Britons take holidays abroad.
The Consumer Prices Index (CPI) rose by 0.6 percent in April on a month-on-month basis, matching expectations, added the statistics office.
© 2012 AFP