UK inflation is now at its highest since June 2013 and has seen the largest year-on-year rise since 2007, increasing from 0.3% in April 2016.
CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, shows a 12-month inflation rate of 2.6%.
Air fares were the main contributors to the increase in the rate in April 2017, alongside rising prices for clothing, vehicle excise duty and electricity.
These upward contributions were partially offset by a fall in motor fuel prices between March 2017 and April 2017, compared with a rise between the same 2 months a year ago.
The Bank of England's latest Inflation Report predicted that CPI inflation would to rise to a peak of 2.7% in Q2 2017, before falling to 2.6% in Q2 2018 and 2.2% in 2019,
