business energy – Beyond Procurement

An increase in oil prices, a rise in household gas and electricity bills, and higher clothing prices have pushed the annual rate of UK inflation to 1.5% in April from 0.7% in March, its highest level since the start of the pandemic. Pent-up demand but equally a return to more normal pricing for fuels and other household utility costs appear to be driving the rise, which could lead to higher interest rates in the coming quarters.

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An increase in oil prices, a rise in household gas and electricity bills, and higher clothing prices have pushed the annual rate of UK inflation to 1.5% in April from 0.7% in March, its highest level since the start of the pandemic. Pent-up demand but equally a return to more normal pricing for fuels and other household utility costs appear to be driving the rise, which could lead to higher interest rates in the coming quarters.

An increase in oil prices, a rise in household gas and electricity bills, and higher clothing prices have pushed the annual rate of UK inflation to 1.5% in April from 0.7% in March, its highest level since the start of the pandemic. Pent-up demand but equally a return to more normal pricing for fuels and other household utility costs appear to be driving the rise, which could lead to higher interest rates in the coming quarters.