U.K. Inflation Accelerates on Airfare Surge
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Easter boosted U.K. inflation last month as air and sea fares helped push up consumer prices by more than economists forecast.
The acceleration to 1.8 percent from 1.6 percent in March may do little to trouble Bank of England Governor Mark Carney, who says the outlook for price growth is “benign” and will be limited by the strength of the pound. Inflation is in the midst of its longest stretch below the BOE’s 2 percent target since 2009.