UK inflation more than doubles in April amid lockdown easing

Driven by rising household utility, clothing, and motor fuel prices

Mike Sheen
clock • 2 min read
Prices rose again in April
Image:

Prices rose again in April

UK Consumer Prices Index (CPI) inflation rose by 1.5% in the 12 months to April 2021, up from 0.7% in the previous month, driven by rising household utility, clothing, and motor fuel prices.

Figures published by the Office for National Statistics (ONS) published today (19 May) show that on a monthly basis CPI rose by 0.6% in April, following a 0.3% increase in March 2021. CPI including...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Prime Minister Boris Johnson with Chancellor of the Exchequer Rishi Sunak. Picture by Andrew Parsons / No 10 Downing Street
UK

Government taps oil and gas profits to help pay for fresh £15bn energy bills support

U-turn will see oil and gas firms to help pay additional 25 per cent windfall tax on profits to help pay for fresh measures to support households with soaring energy bills

Michael Holder
clock 26 May 2022 • 7 min read
Luke Hickmore, investment director fixed income, abrdn

Jubilee economics - how does 1952 compare to 2022?

Some similarities

Luke Hickmore
clock 24 May 2022 • 4 min read
The monthly rise was largely driven by a 2.8% rise in food store sales
UK

UK retail sales jump in April despite inflation at 40-year high

Down 0.3% from previous quarter

clock 20 May 2022 • 1 min read
Trustpilot