LONDON (AFX) - Headline UK retail prices (RPI) are expected to have risen an adjusted 0.5 pct from March and 1.8 pct year-on-year, according to the median of 18 analysts' forecasts compiled by AFX News. April RPI was up an adjusted 0.6 pct month-on-month and was 1.8 pct higher year-on-year.
Underlying inflation, RPI excluding mortgage interest payments (RPI-X), is forecast to have risen 0.6 pct month-on-month for a 1.8 pct increase, following a 0.4 pct monthly rise and 1.9 pct annual increase in March.
RPI-Y, which also excludes indirect taxes and excise duties, is expected to have risen 0.5 pct month-on-month for a 2.0 pct annual increase.
April RPI-Y rose 0.6 month-on-month and 1.8 pct year-on-year the previous month.
Month retail price data are released on Tuesday May 15th.