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Tuesday, May 16, 2017

Inflation Hits 2.7% - Easter Blamed

The UK's inflation rate rose last month to its highest since September 2013.

ONS figures show that inflation now stands at 2.7% - up from 2.3% in March - and above the Bank of England's 2% target.

The reason?

Higher air fares were the main reason, which rose because of the later date of Easter this year compared with 2016.

This is not yet a major concern, as the Bank of England are expecting inflation to peak at around 3% this year.

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