According to official data, the steep increase in energy and water bills in April caused Britain’s annual inflation rate to rise more than anticipated.
The Office for National Statistics stated in a statement on Wednesday that the Consumer Prices Index increased from 2.6% in March to 3.5% last month.
The general view among analysts was that it would rise to 3.3%.
According to the ONS, the headline rate of 3.5% was the highest since the start of 2024.
In a statement, Finance Minister Rachel Reeves stated, “I am disappointed with these figures because I know the cost-of-living pressures are still weighing down on working people.”
UK regulators allowed private companies to hike household bills from April, taking into account movements in oil and gas markets and indebted water providers.
According to official data, the steep increase in energy and water bills in April caused Britain’s annual inflation rate to rise more than anticipated.
The Office for National Statistics stated in a statement on Wednesday that the Consumer Prices Index increased from 2.6% in March to 3.5% last month.
The general view among analysts was that it would rise to 3.3%.
According to the ONS, the headline rate of 3.5% was the highest since the start of 2024.
In a statement, Finance Minister Rachel Reeves stated, “I am disappointed with these figures because I know the cost-of-living pressures are still weighing down on working people.”
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