Increases in clothing,car tax and air fares also blamed as pressure grows on living standards and consumer spending The rising cost of electricity contributed to inflation’s rise to 2.7% in April, its highest level in three and a half years.
Increases in the cost of clothing, and car tax and air fares were also blamed by the Office for National Statistics for the rise in consumer price inflation (CPI) that exceeded City forecasts of 2.6%,and soared above the preceding month’s figure of 2.3%. Related: UK inflation jumps to 2.7% as real wage squeeze worsens - trade live Continue reading...
Source: theguardian.com