$GBIRYY - U.K Inflation Rate Accelerates (April/2025)

GBIRYY
April/2025
source: Office for National Statistics


- The annual inflation rate in the UK jumped to 3.5% in April, the highest since January 2024, from 2.6% in March and above forecasts of 3.3%.
The main upward pressure came from higher electricity and gas prices after the Ofgem price cap increase, while new Vehicle Excise Duty on electric cars lifted transport costs, and food inflation also picked up.
Meanwhile, core inflation accelerated to 3.8%, the highest in a year.