- Rate in April higher than expectedpublished at 11:5311:53Dearbail Jordan
Senior Business and Economics ReporterApril’s rate of inflation is higher than economists had predicted. The pace of price rises was forecast to be around 3.3% – although one particularly gloomy economist we saw predicted a 3.6% rise.April’s figure is slightly higher than the 3.4% expected by the Bank of England. This matters because one of the Bank’s key tasks is to keep inflation at 2% and it cuts or raises interest rates to achieve that.Share - Inflation rate highest for more than a yearpublished at 11:4711:47BREAKINGThe pace of inflation is at its highest since February last year.Share
- Inflation jumps to 3.5%published at 11:4511:45BREAKINGInflation jumped to 3.5% in the year to April, up from 2.6% in March, according to the Office for National Statistics.We’ll bring you more on this shortly.Share
- ONS to release latest inflation figures at 07:00 – follow livepublished at 11:4411:44In just one minute, the Office for National Statistics will release its official figures on the rate inflation.As we’ve reported through the morning, it’s expected to jump to its highest level for over a year due to sharp increases in certain bills and rising food costs.We’ll update you as soon as that figure lands, alongside reaction and quickfire analysis on what this means for you.