UK inflation to surge as energy bills soared – business live

UK inflation to surge as energy bills soared – business live

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The UK cost of living crisis intensified in April as households and businesses were hit by the worst cost of living crisis in decades.

The latest UK inflation data, due at 7am, is expected to show prices soared again last month. Economists predict consumer prices rose by around 9.1% over the last year, which would be the highest inflation rate in around 40 years, up from 7% in March.