UK inflation surges to hotter-than-expected 3.5% in April
- The UK's annual inflation rate rose to 3.5% in the year to April 2025, according to the Office for National Statistics.
- This increase followed higher energy and household bills, combined with recent tax and minimum wage rises introduced by the Labour government elected in July 2024.
- Core inflation, excluding energy and food, rose by 3.8% in the 12 months to April, while economists expect inflation to remain above the Bank of England’s 2% target for months.
- Finance Minister Rachel Reeves expressed her frustration with the latest data, acknowledging that rising expenses continue to place a heavy burden on employees, while some economists believe interest rate reductions could still happen later this year despite the recent increase.
- The inflation surge indicates continuing price pressures that could delay significant interest rate reductions, affecting borrowing costs and savings in the near term.
146 Articles
146 Articles
Britain's 3.5% Inflation Rate Now Second Highest Among G7 Nations
The UK’s inflation rate surged to 3.5% in April 2025, up from 2.6% in March, according to data released yesterday by the Office for National Statistics. This marks the highest inflation level since January 2024, exceeding analysts’ expectations of 3.3%. The sharp increase stems primarily from rising household costs. Energy bills jumped significantly as Ofgem […]
UK inflation jumps to 3.5% after household bill hike last month
Sir Keir Starmer may think the economy is doing better, but the dramatic rise in household bills last month pushed inflation to its highest level since January last year. It jumped to 3.5 per cent in April from 2.6 per cent in March. So how worried should we be?
We’re Saving for Retirement but Worried About Inflation. What Should We Do?
Key Points Retirees run the risk of seeing their savings lose buying power due to inflation. Investing in the right assets helps mitigate that risk. Generating outside income can also help. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get st…
Inflation Soars to Highest for More Than a Year on ‘Awful April’ Bill Increases
UK inflation surged to its highest level for more than a year last month after households were hit by a raft of “awful April” bill increases, official figures have revealed. The Office for National Statistics (ONS) said Consumer Prices Index inflation hit 3.5 percent in April, up from 2.6 percent in March and the highest since January 2024. The steep rise in inflation was also the largest since October 2022, at the height of the energy crisis. E…
The 3.5% Inflation Spike is All on Reeves – The Daily Sceptic
This morning's unexpected spike in inflation to 3.5%, up from 2.6% last month, is all on Rachel Reeves and her economically illiterate tax rises and broader economic policies, says Ross Clark in the Spectator. The post The 3.5% Inflation Spike is All on Reeves appeared first on The Daily Sceptic.
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