India, May 21 -- UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday.
The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
Inflation was expected to rise to 3.3 percent. Moreover, this was the highest since January 2024.
On a monthly basis, the CPI advanced at a faster pace of 1.2 percent after rising 0.3 percent in March. This was also faster than the forecast of 1.1 percent.
Core inflation that excludes prices of energy, food, alcohol and tobacco, rose to...