Inflation more than doubled in April as higher energy bills pushed up the cost of living, official figures have shown. The Consumer Prices Index hit a post-pandemic high of 1.5pc, the Office for National Statistics (ONS) said, from 0.7pc in March. The rise came after energy regulator Ofgem lifted its price cap on gas and electricity bills to pre-pandemic levels from the beginning of the month. The cap rose by £96 to £1,138 for 11 million default tariff customers. The hike in the price cap was the biggest factor in the jump in CPI, the ONS said.
Telegraph 19th May 2021 read more »
Times 19th May 2021 read more »