UK inflation rate set to leap after bill rises in April
Inflation is on track to accelerate by the quickest pace in two and a half years, figures next week are expected to show, driven upwards by a range of rising household bills.
City analysts think that data published next Wednesday by the Office for National Statistics (ONS) will reveal that inflation climbed to as high as 3.6 per cent in April from 2.6 per cent in the previous month.
This would be the steepest rate since January 2024 and would represent the largest month-on-month percentage point increase since October 2022.
Inflation is also expected to hover around 3 per cent for the rest of the year, kept elevated by strong wage growth, rises in payroll taxes and higher energy bills.
It comes after Ofgem, the
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