London’s Economy Today editorial – May 2026 May 28th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem, and Sixia Zhang UK inflation drops in April The latest data on Consumer Price Inflation (CPI) from the Office for National Statistics (ONS) showed that it slowed to 2.8% in the 12 months to April 2026, down from 3.3% in March (Figure 1). The slowdown in CPI inflation was below that expected by surveyed analysts who had expected it…