UK inflation falls to 2.8% in April, down from 3.3%, as housing costs ease

UK inflation fell to 2.8% in the year to April, down from 3.3% in March, ONS data published this morning shows, with housing the largest downward driver. A sub-3% print, nearer the Bank of England's 2% target, eases pressure on the swap rates behind fixed mortgage pricing. For buyers, it supports the recent fixed-rate cuts continuing; for sellers, a steadier rate outlook helps demand. Still, one month is not a trend - fuel prices offset part of the fall.