Inflation in the UK increased more than expected to 3.5 % in April

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Inflation in the UK has risen more than 3.5 percent is expected to reach April, confirming the Challenge of the Bank of England as it looks at the time to move forward in reducing interest rates.

Wednesday from the National Statistics Office exceeded the 3.3 percent of the analysts covered by Reuters and 2.6 percent of March.

On S said that the rise is driven by increasing energy costs after the organizers raised the ceiling of the family price in addition to a jump in water bills. It also contributed to a stronger atmosphere.

Service enlargement, a major measure of the basic price pressures of price clips, increased to 5.4 percent in April, analysts’ expectations of 4.8 percent and March 4.7 per cent.

Bank of England has reduced interest rates by a quarter of this month to its lowest level since 2023 amid signs of inflation.

However, the Monetary Policy Committee was divided into the decision. On Tuesday, the chief economist Hoo Bells said he was afraid that the Bank of England would reduce rates very quickly and that the momentum behind low inflation was “arrogant”.

The increase in Chancellor Rachel Reeves in the national insurance contributions to the employer would also lead to price pressures.

But the Bank of England is still expected to subside in late this year after reaching 3.7 percent in September, as it returned to the central bank of 2 percent in 2027.

After the issuance of April, the pound was strengthened, an increase of 0.4 percent against the dollar at $ 1.344.

This is a developing story