Inflation is expected to have jumped higher in April as a hike in the energy price cap came into effect. Inflation is expected to have jumped higher in April as a hike in the energy price cap came into effect. Higher fuel and food prices are also expected to have helped push the rate higher than March, when it held steady at 1.9%. “CPI inflation likely will fall in May and average 2% across the remaining months of this year,” he said. “Higher inflation would potentially put an interest rate hike – which had been almost completely ruled out earlier this year – back on the table, possibly strengthening sterling.”Press Association

Source: Irish Independent May 21, 2019 13:52 UTC