Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields 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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
