Annual inflation in the UK accelerated in April to 2.1%

In April, annual inflation in the UK accelerated to 2.1% from the March value of 1.9%. As reported by ONS, the indicator exceeded the Bank of England's target value of 2% for the first time since the beginning of the year, which was caused by rising energy and fuel prices for cars. According to experts, inflation was expected at 2.2%. Compared to March, consumer price growth was recorded at 0.6%, while economists had predicted an increase of 0.7%. Prices that do not take into account the cost of energy, food, alcohol and tobacco in April decreased by 0.3% compared to March and rose by 0.7% against the same period last year. For the month, food and non-alcoholic beverages decreased in price by 0.3%, the decline in prices for alcohol and tobacco was at the level of 0.4%. The cost of electricity has increased over the year by 10.2%, accelerating the pace relative to the March rise by 1.4%.

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