According to a report by Jinshi Data, Barclays economists Jack Meaning and Iaroslav Shelepko pointed out that the UK inflation data for April is expected to accelerate compared to the previous month. Part of the reason is the increase in the national living wage and employer national insurance contributions.
Economists expect the annual overall inflation rate for April to rise to 3.3%, while the annual core inflation rate may rise to 3.5%. However, due to multiple annual resets and indexed price changes, as well as some one-time price changes, the uncertainty for the CPI in April is very high.