UK inflation more than doubles to 1.5% in April

Published by
Reuters

By Andy Bruce and William Schomberg LONDON (Reuters) -British consumer price inflation more than doubled in April at the start of what the Bank of England hopes will be a temporary surge as the economy recovers from last year’s COVID slump. Consumer prices rose by 1.5% in April, the Office for National Statistics said, following a 0.7% rise in March. A Reuters poll of economists had pointed to an increase of 1.4%. A jump in regulated electricity and gas bills and clothing and footwear prices helped to push inflation up, along with the cost of petrol, hit by rising global oil prices. Inflation …

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