Rate of inflation falls to 2.8% amid high street fashion price war

Jochen Stanzl, chief market analyst at CMC Markets said: “The decline in inflation is good news for all those investors who are hoping for a rate cut by the Bank of England in May. After the GDP data was so poor and the BoE confirmed that uncertainty due to US trade policy, the increase in volatility in the financial markets, and Germany’s financial package had grown, the probability of a rate cut in May has increased significantly with today’s inflation data. “