UK inflation jumped in April to surpass previous records, largely on food and fuel prices, signaling the high cost of living that is set to squeeze household incomes, and validating expectations for further tightening from the Bank of England this year.
Inflation accelerated sharply to 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said Wednesday. Economists had forecast inflation to climb to 9.1 percent.
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by Renju Jaya
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