Inflation has fallen into single digits for the primary time in eight months because the rising price of residing slows after final yr’s power disaster.
The shopper costs index dropped to 8.7pc final month from 10.1pc in March, in keeping with the Office for National Statistics.
It is the primary time it has been beneath 10computer since August final yr and leaves inflation at its lowest degree since March final yr.
However, economists had forecast that the annual CPI price would drop to 8.2pc in April, transferring additional away from October’s 41-year excessive of 11.1pc.
The fall, which is the biggest because the Bank of England started elevating rates of interest to sort out the price of residing disaster in 2021, comes as final April’s sky excessive rise in power costs drops out of the calculation.
The power value cap jumped larger a yr in the past as wholesale costs rocketed after Russia’s invasion of Ukraine.
Last April, the power value cap soared by 54computer to £1,971, however this yr the Energy Price Guarantee (EPG) has been saved at £2,500 since final October.
However, foods and drinks value inflation stays above 19computer, falling a sliver from 19.2pc in March to 19.1pc, close to its highest degree in 45 years.
Core inflation, which strips out risky foods and drinks costs, rose to 6.8pc in April – its highest degree since 1992.
