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__ Perennial sunflower (Helianthus)__ Aster (Symphyotrichum)
LONDON (AP) — Inflation in the United Kingdom fell for the second month running in March largely as a result of lower prices at the pump, official figures showed Wednesday, a move that is likely to pile pressure on the Bank of England to cut interest rates next month.The Office for National Statistics said consumer prices rose by 2.6% in the year to March, down from 2.8% the previous month. The decline was bigger than anticipated, with most economists predicting a more modest decline to 2.7%.However, inflation remains above the Bank of England’s target of 2% and is set to rise to over 3% in April due to a confluence of factors, including higher domestic energy bills as well as the potential impact of higher taxes and labor costs for businesses, which are likely to pass some costs on to customers.
Still, most economists think the, as the peak in inflation is likely to be lower than previously thought, not least because U.S. President Donald Trump’s tariff policies are likely to depress global growth and hence prices. One impact of Trump’s tariff plans has been lower oil prices, which will have a downward effect on inflation.
“An interest rate cut in May looks increasingly nailed on, and the path to more easing in the second half of the year is getting clearer,” said Luke Bartholomew, deputy chief economist at asset management firm Aberdeen.
Inflation is way down from levels seen a couple of years ago, partly because central banks have dramaticallyOmar Abdullah, Indian-controlled Kashmir’s top elected official, welcomed the ceasefire. But he said had it happened two or three days earlier “we might have avoided the bloodshed and the loss of precious lives.”
People dance on traditional drum beat as they celebrate following India and Pakistan reaching a ceasefire deal, during a demonstration, in Hyderabad, Pakistan, Saturday, May 10, 2025. (AP Photo/Pervez Masih)People dance on traditional drum beat as they celebrate following India and Pakistan reaching a ceasefire deal, during a demonstration, in Hyderabad, Pakistan, Saturday, May 10, 2025. (AP Photo/Pervez Masih)
Hussain reported from Srinagar, India, and Roy reported from New Delhi. Associated Press writers Sheikh Saaliq in New Delhi, Babar Dogar in Lahore, Pakistan, Asim Tanveer in Multan, Pakistan, Munir Ahmed in Islamabad and Riaz Khan in Peshawar, Pakistan, contributed to this report.China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s