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Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields

GameFi
By Press
0

Quick Take

  • Headline CPI inflation fell for the UK in April to 8.7%, forecasted at 8.2%, a huge miss.
  • CryptoSlate has reported previously that core inflation worldwide is the biggest issue.
  • UK Core CPI year over year came in at 6.8% from 6.2%, a high not seen since 1992.
  • In addition, core CPI month over month accelerated to 1.2%, expected at 0.7%.
  • As a result, yields have soared, leaving a severe inversion across the yield curve.
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UK Yields: (Source: TV)
Core Inflation: (Source: Trading Economics)
Core Inflation: (Source: Trading Economics)

The post Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields appeared first on CryptoSlate.

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