institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

UK inflation surges to hotter-than-expected 3.5% in April

  • In April 2025, the UK's annual inflation rate increased to 3.5%, as reported by the Office for National Statistics.
  • The rise was driven by higher household costs, including increases in gas, electricity, and water charges, alongside recent tax increases and a boost to the minimum wage introduced by the Labour government.
  • The Consumer Prices Index, which excludes volatile items in its core measure, showed core inflation rose 3.8% yearly, and economists had expected a smaller rise to 3.4%.
  • BoE Chief Economist Huw Pill stated borrowing rates had been cut too quickly, and several experts suggest inflation may remain above 3% through 2025, possibly delaying further interest rate reductions.
  • Consequently, inflation surpassing the 2% target poses ongoing challenges for the economy, impacting cost of living pressures and monetary policy decisions amid political and economic uncertainties.
Insights by Ground AI
Does this summary seem wrong?

148 Articles

All
Left
14
Center
22
Right
21
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 39% of the sources are Center
39% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

elucid.media broke the news in on Monday, May 19, 2025.
Sources are mostly out of (0)