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International Business Times

World

UK Inflation Hits 15-month High As Utility Bills Soar

Inflation United Kingdom Bank of England Britain Office for National Statistics

UK regulators allowed private companies to hike household bills from April (Credit: AFP)

Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday.

The Consumer Prices Index soared to 3.5 percent last month, up from 2.6 percent in March, the Office for National Statistics said in a statement. Analysts' consensus forecast had been for a jump to 3.3 percent.

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