The inflation rate increased in April at a rate of 2.4%, as stated in a statement released on Maundy Thursday by the Office for National Statistics.
It adds that the Consumer Price Index rose by 1.68 points in April and reached 117.09 points compared to 115.41 points in March 2024, while for the period January to April 2024, the CPI increased by 1.8% compared to the same period last year.
It is noted that the largest change in economic categories compared to both April 2023 and the previous month was recorded in petroleum products with a rate of 7.7% and 8.4% respectively.
Compared to April 2023, the largest change was observed in the Restaurants and Hotels category (5.8%), while compared to March 2024, the largest change was observed in the Transport category (5.0%).
For the period January to April 2024, compared to the same period last year, the largest changes were seen in the categories Restaurants and Hotels (5.9%) and Other Goods and Services (3.6%).
It is added that the categories Restaurants and Hotels (0.58), Transport (0.58), and Housing, Water, Electricity, and Gas (0.54) had the greatest positive impact on the change in the CPI in April 2024 compared to April 2023, while the Transport category (0.86) had the greatest impact on the change in the CPI compared to the previous month.
Similarly, the categories Petroleum Products (0.86) and Food Services (0.57) had the greatest impact on the change in the CPI in April 2024 compared to the index of April 2023, while Petroleum Products (0.87) had the greatest impact on the change in the CPI in April 2024 compared to the index of the previous month.
