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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