![Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/05/coo-1.jpg&w=70&h=37&q=75)
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.
![UK Yields: (Source: TV)](https://cryptoslate.com/wp-content/uploads/2023/05/yield.png)
![Core Inflation: (Source: Trading Economics)](https://cryptoslate.com/wp-content/uploads/2023/05/coo.jpg)