{"id":29741,"date":"2025-05-26T14:52:30","date_gmt":"2025-05-26T14:52:30","guid":{"rendered":"https:\/\/news.godj.com\/news\/uk-inflation-rate-rises-to-highest-in-more-than-a-year\/"},"modified":"2025-05-26T14:52:30","modified_gmt":"2025-05-26T14:52:30","slug":"uk-inflation-rate-rises-to-highest-in-more-than-a-year","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/uk-inflation-rate-rises-to-highest-in-more-than-a-year\/","title":{"rendered":"UK inflation rate rises to highest in more than a year"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" id=\"\">\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\" data-component=\"byline-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<div data-testid=\"byline-new\" class=\"sc-801dd632-0 eSlECZ\">\n<div data-testid=\"byline-new-contributors\" class=\"sc-801dd632-12 jSIeFi\">\n<div class=\"sc-801dd632-5 kRoBHa\">\n<div><span class=\"sc-801dd632-7 lasLGY\">Charlotte Edwards<\/span><\/p>\n<p><span>Business reporter, BBC News<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 kVRMhO\">\n<div data-testid=\"hero-image\" class=\"sc-d1200759-1 kycbVO\"><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/833e\/live\/ab7713c0-3640-11f0-8bb4-2fc6cc6687e7.jpg.webp\" loading=\"eager\" alt=\"Getty Images Two women looking at bills with a laptop and calculator on the table in front of them\" class=\"sc-d1200759-0 dvfjxj\"\/><span class=\"sc-d1200759-2 gwFzuU\">Getty Images<\/span><\/div>\n<\/div>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">Prices were expected to rise at 3.3% in the year to April.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The Bank of England has previously said it expects inflation to peak at 3.7% between July and September 2025 before slowly falling.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">One of the Bank&#8217;s key tasks is to keep inflation at 2% and it cuts or raises interest rates to achieve that.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The idea is that if you make borrowing more expensive, people have less money to spend. People may also be encouraged to save more.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">In turn, this reduces demand for goods and slows price rises.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Huw Pill, chief economist at the Bank of England who sits on the nine-person committee which votes on interest rates, said earlier this week that he feared the Bank was reducing rates too rapidly and that the momentum behind falling inflation was &#8220;stuttering&#8221;.<\/p>\n<\/div>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">Water and sewerage prices rose by 26.1% in April, which the ONS said was the largest rise for 37 years, since official records began. <\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">A sharp jump in the cost of airfares compared to April last year also helped drive up inflation.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">The later Easter this year is thought to have contributed to the rise in flight costs and package holidays, which is expected to be a one-off increase.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Meanwhile, the cost of services specifically rose 5.4% in the year to April, which some economists attributed to the rise in National Insurance Contributions for employers and a higher minimum wage coming into force, changes which pushed up costs for businesses more broadly.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Services inflation refers to rises in prices for things that are bought for use or consumption, like eating at a restaurant, getting a haircut, or going to the cinema.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Britain is a services-led economy which means that more of our jobs come from providing a service rather than making a product.<\/p>\n<\/div>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">Core inflation which strips out volatile prices such as energy and food also rose more than expected.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Chancellor Rachel Reeves said she was &#8220;disappointed&#8221; with the figures but said April&#8217;s minimum wage rise and the decision to freeze fuel duty would help people with cost of living pressures.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">Mel Stride, shadow chancellor, said the figure was &#8220;worrying for families&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;We left Labour with inflation bang on target, but Labour&#8217;s economic mismanagement is pushing up the cost of living for families,&#8221; he said.<\/p>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 eOFjmw\">&#8216;Supermarket shop is getting more and more expensive&#8217;<\/h2>\n<\/p>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 dFZIgd\">\n<div data-testid=\"image\" class=\"sc-d1200759-1 kycbVO\"><img decoding=\"async\" src=\"https:\/\/static.files.bbci.co.uk\/bbcdotcom\/web\/20250522-140200-09101d307-web-2.22.2-1\/grey-placeholder.png\" class=\"sc-d1200759-0 dkIvM hide-when-no-script\"\/><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/0b9f\/live\/ff3f5120-3618-11f0-8f93-0590071db98a.png.webp\" loading=\"lazy\" alt=\"Tracy McGuigan-Haigh smiles outside a housing area\" class=\"sc-d1200759-0 dvfjxj\"\/><\/div>\n<\/div>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dEGcKf\">\n<p class=\"sc-9a00e533-0 hxuGS\">Tracy McGuigan-Haigh, 47, lives with her 11-year-old daughter Ruby in Dewsbury and works in retail.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">She has to fit her working hours around looking after Ruby and receives universal credit on top of her wage. She says her monthly income isn&#8217;t stretching far enough.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;Even on a budget, the supermarket shop is getting more and more expensive. I&#8217;m not coming out with a lot in my arms.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;Before, I&#8217;d have needed a trolley for \u00a340 worth of food. Now it doesn&#8217;t even fill a basket &#8211; you can carry that much in your arms.&#8221;<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">She says the cost of everyday items is &#8220;killing&#8221; her and doesn&#8217;t believe any future fall in inflation will make a difference.<\/p>\n<p class=\"sc-9a00e533-0 hxuGS\">&#8220;It&#8217;s gone too far. I&#8217;ve juggled so much that I&#8217;ve dropped balls, and somebody&#8217;s going &#8216;it&#8217;ll get better&#8217;. But, even if it does improve now, what&#8217;s the support for the people who are down there, who are on the floor?&#8221;<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cx2xx4n1xx0o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charlotte Edwards Business reporter, BBC News Getty Images Prices were expected to rise at 3.3% in the year to April. The Bank of England has previously said it expects inflation to peak at 3.7% between July and September 2025 before slowly falling. One of the Bank&#8217;s key tasks is to keep inflation at 2% and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[3188,916,308,1287,653],"class_list":["post-29741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-highest","tag-inflation","tag-rate","tag-rises","tag-year"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/29741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=29741"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/29741\/revisions"}],"predecessor-version":[{"id":29743,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/29741\/revisions\/29743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/29742"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=29741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=29741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=29741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}