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UK inflation highest since September 2013

Press Association logoPress Association 16/05/2017

UK inflation hit a three-and-a-half-year high in April as the Brexit-hit pound and the timing of the Easter holidays pushed up the cost of living.

The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measure of inflation reached 2.7 per cent in April, the highest rate since September 2013.

The rise keeps the rate above the Bank of England's two per cent target and comes after CPI paused at 2.3 per cent in February and March.

The Bank said in its inflation report that CPI would peak at three per cent later this year, as the pound's slump since the Brexit vote causes price tags on everyday items to tick higher.

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