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UK Inflation Soars to 3.5%, Bank of England Warns

5/21/2025

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Summary

Story summary

UK inflation surged to 3.5% in April, fueled by soaring household and energy costs, exceeding expectations. The Bank of England warns it could peak at 3.7% later this year. Chancellor Rachel Reeves voiced her disappointment, though a dip in petrol and clothing prices offered a glimmer of hope amid rising core inflation at 3.8%.

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Story summary

UK inflation surged to 3.5% in April, fueled by soaring household and energy costs, exceeding expectations. The Bank of England warns it could peak at 3.7% later this year. Chancellor Rachel Reeves voiced her disappointment, though a dip in petrol and clothing prices offered a glimmer of hope amid rising core inflation at 3.8%.