Deutsche Bank: UK inflation data allows the Bank of England to breathe a sigh of relief. On May 20th, Deutsche Bank analyst Sanjay Raja stated in a report that the Bank of England will breathe a sigh of relief after the release of inflation data in April. The overall inflation and core inflation for the month both decreased more than expected. Raja stated that the sharp decline in service prices may continue in the coming year. He pointed out, "Based on the weak trend of private wage growth seen yesterday, the Bank of England should have confidence that domestic price pressures are still in a downward channel." However, it is expected that external price pressures will push up inflation in the future, and oil and commodity prices may further rise. He said, "Core commodity prices will also be affected by sustained price increases at some stage