Gas and electric rising 7% and 8% year on year

Gas and electric prices are rising 7% and 8% year on year, the Office for National Statistics has said.

Advertisement

Inflation falls to 2.4%

The rate of consumer price index inflation has fallen to 2.4% in April, down by 0.4% from March. The headline rate of retail price index inflation fell by a similar amount in the same month, to 2.9%.