Inflation below forecasts in U.K.

 Inflation in the U.K. rose just 2.4% in April, a seven month low and down from 2.8% in March. Economists were expecting a reading of 2.6%. Core inflation came in at 2%, the lowest level in three and a half years. Some economists now say consumer price increases may peak at 3% this summer rather than the forecasted 3.5% and note that inflation may hit the Bank of England's 2% target by H1 2015.