UK inflation price jumps to highest in additional than a yr | EUROtoday

An increase in the price of family payments pushed UK inflation to its highest price in additional than a yr.

Inflation was 3.5% in April, up from 2.6% in March, in line with official knowledge.

Water, gasoline and electrical energy costs all went up on 1 April together with a number of different payments, pushing inflation additional above the Bank of England’s goal of two%.

The largest upward contributors to the rise have been from “housing and household services, transport, and recreation and culture,” the Office for National Statistics mentioned.