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UK inflation jumps higher than expected to 3.5% amid bills increase

Annual rise last month driven by higher payments for gas, electricity, water and transport in ‘awful April’Analysis: Bigger-than-expected inflation jump worsens Bank of England dilemmaBusiness live – latest updatesInflation in the UK jumped by more than expected last month to 3.5% – its highest rate in more than a year – after dramatic increases in water bills, energy costs and council tax.A rise in employer national insurance contributions and a boost to the national minimum wage also put pressure on companies to raise prices by more than City analysts had forecast. Continue reading...

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