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Evening Standard
Evening Standard
Business
Holly Williams

Pressure mounts on Chancellor as inflation races to highest for more than a year

Inflation Office for National Statistics Rachel Reeves PA Graphics Bank of England

Inflation has rocketed to its highest level in more than a year after “awful April” bill rises, but pressure is also mounting on the Chancellor over the impact of Labour’s recent tax hike on the cost of living.

Official figures show Consumer Prices Index (CPI) inflation jumped to 3.5% in April, up from 2.6% in March and the highest since January 2024.

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