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UK inflation leaps to higher-than-expected 3.5%, ONS says - REUTERS
LONDON, May 21 (Reuters) - British inflation surged by more than expected in April including in areas watched closely by the Bank of England, according to figures published on Wednesday that are likely to keep the central bank on its path of gradual interest rate cuts.
The annual rate of consumer price growth leapt to 3.5% in April from 2.6% in March, the Office for National Statistics said, the highest reading since January 2024 and the largest increase in the rate since 2022 when inflation was rocketing.
