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| UK inflation rate rises to 1.8% in April | UK inflation rate rises to 1.8% in April |
| (35 minutes later) | |
| The UK inflation rate, as measured by the Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according to the Office for National Statistics. | The UK inflation rate, as measured by the Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according to the Office for National Statistics. |
| It is the first time in 10 months that the rate has risen. | It is the first time in 10 months that the rate has risen. |
| Higher transport costs, including air and sea travel, helped to push the inflation rate up. | Higher transport costs, including air and sea travel, helped to push the inflation rate up. |
| The rate of inflation as measured by the Retail Prices Index (RPI) was unchanged at 2.5%, the ONS said. | The rate of inflation as measured by the Retail Prices Index (RPI) was unchanged at 2.5%, the ONS said. |
| The ONS said the timing of Easter was likely to have had an impact on inflation last month, noting that both air and sea fares were higher during the Easter holidays which fell in April this year and in March last year. | |
| It said the cost of petrol was also higher than the same month a year ago. | It said the cost of petrol was also higher than the same month a year ago. |
| However, these prices were offset to some extent by a fall in the cost of food. | However, these prices were offset to some extent by a fall in the cost of food. |
| Despite the increase, the rate of inflation is still below the Bank of England's 2% target for inflation. | Despite the increase, the rate of inflation is still below the Bank of England's 2% target for inflation. |
| Last week, Bank of England governor Mark Carney said he expected the rate of inflation to remain below its target for the next two years. | Last week, Bank of England governor Mark Carney said he expected the rate of inflation to remain below its target for the next two years. |
| The increase means that the cost of living is rising faster than wage increases, which the most recent figures show rose by 1.7% in the three months to February. | |
| "Prices for many goods - such as airfares - were boosted by the Easter holidays compared to a normal level of prices in April 2013. Clearly, this boost to the annual inflation rate will unwind next month," said Capital Economics analyst Samuel Tombs. |