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The Office for National Statistics (ONS) released the inflation figures. On a yearly basis, the U.K. consumer price index increased 1.8% in April, from a 1.6% rise in March. Analysts had forecasted a 1.7% gain. On a monthly basis, the U.K. consumer price index climbed 0.4% in April, from a 0.2% rise in March. Analysts had forecasted a 0.3% increase.
The raise of the consumer price index was driven by the by transport and motoring costs.
The published consumer price index showed that the growth of the inflation is faster than the growth of wages. U.K. wages including bonuses increased 1.7% in March.
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