electricity prices – 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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Energy Market Updates

Energy Market Updates

An increase in oil prices, a rise in household gas and electricity bills, and higher clothing prices have pushed the […]

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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.