U.K. Inflation Rate Rises More Than Forecast to Four-Year High
- Price growth jumps to 2.9% as core rate also accelerates
- Some easing of input-price pressure after pound stabilized
U.K. Inflation Jumps to Four-Year High in May
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U.K. inflation resumed its upward march last month, accelerating more than forecast to the fastest pace in four years.
An increase in prices for computer games, laptops and package holidays -- partly reflecting the impact of the weaker pound -- lifted the inflation rate to 2.9 percent, the highest since June 2013. Economists had forecast that it would remain at 2.7 percent.