UK's annual inflation in April accelerates to highest since January 2024
Largest upward contributions to inflation come from prices for housing and utilities, electricity and gas
ISTANBUL
The consumer price index in the UK rose 3.5% in April, the highest in 15 months, according to official data from the Office for National Statistics (ONS) on Wednesday.
The figure was up from March's 2.6% and came above the market expectations of 3.3% for the month.
The largest upward contribution to the inflation rate in April came from prices for housing and utilities (7.8%), electricity (4.6%) and gas (12.2%).
A slight downward contribution came from actual rents for housing, which rose by 6.3%, a slower pace compared to 7.2% in March.
The ONS said the monthly inflation in the country was 1.2% in April, also up from 0.3% in March.
The monthly inflation figure also exceeded the market forecasts of 1.1% for April.
The UK's annual core inflation rate, excluding energy, food, alcohol and tobacco, was 3.8% in April, also up from 3.4% in March.
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