UK inflation rises to highest level in almost 30 years at 5.4%

[dutchman]

UK inflation rate falls to 2.8% following lower gas and electricity prices



The UK inflation rate has fallen 2.8% in the year to April, according to the latest figures released by the Office for National Statistics.

ONS chief economist Grant Fitzner says the "notable fall" in April's inflation rate "was led by lower electricity and gas prices". Other factors included lower water and sewage bills, and lower food prices, particularly for chocolate and meat.

Chancellor Rachel Reeves has welcomed the drop in the inflation rate and says the government has the right economic plan. "To change course now would risk our economic stability and leave working people worse off," she says.