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UK inflation forecast jumps to 3.5% in April on higher energy, water and transport costs – business live

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Electricity and gas prices rise, water bill rise the most since at least 1988,; chancellor heads to Canada for two-day G7 summit

UK inflation jumped back above 3% in April, pushed up by higher energy and transport costs.

The consumer prices index increased by 3.5% in the 12 months to April, up from 2.6% in March, according to the Office for National Statistics. That’s towards the top end of economists’ forecasts.

Continue reading…Electricity and gas prices rise, water bill rise the most since at least 1988,; chancellor heads to Canada for two-day G7 summitUK inflation jumped back above 3% in April, pushed up by higher energy and transport costs.The consumer prices index increased by 3.5% in the 12 months to April, up from 2.6% in March, according to the Office for National Statistics. That’s towards the top end of economists’ forecasts. Continue reading…