Annual rise last month driven by higher payments for gas, electricity, water and transport in ‘awful April’
Analysis: Bigger-than-expected inflation jump worsens Bank of England dilemma Business live – latest updatesInflation in the UK jumped by more than expected last month to 3.5% – its highest rate in more than a year – after dramatic increases in water bills, energy costs and council tax.
A rise in employer national insurance contributions and an increase to the national minimum wage also put pressure on companies to raise prices by more than City analysts had forecast.
Continue reading…Inflation, Economics, Business, Office for National Statistics, Bank of England, Interest rates, Energy bills, UK news, National insurance, Water bills, UK cost of living crisis, Household billsRead More
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