Fashion pulse: United Kingdom — April 2026

Consumer prices (April)

UK headline CPI eased to +2.8 percent year-on-year in April 2026 per the Office for National Statistics (ONS), down from plus 3.3 percent in March — the lowest reading since March 2025 and a 50 basis-point single-month moderation. The Bank of England targets headline CPI at 2 percent, so April sits 80 basis points above target but has moved sharply closer. Core CPI, excluding energy, food, alcohol and tobacco, eased to +2.5 percent from +3.1 percent.