This suggests that inflation may be becoming more embedded in the economy and the Bank of England is likely to raise interest rates again to keep inflation in check.
LONDON DAILY ARCHIVE
The UK's inflation rate fell to 8.7% in April, which is the lowest it has been since last summer
However, economists are worried about the "core inflation" rate, which rose from 6.2% to 6.8%, the highest level in three decades.
24 May 2023 · 20:13 UTC
