UK inflation rate rises for first time in ten months in April

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The rate of UK CPI inflation rose in the year to April, the first increase in ten months, according to the Office for National Statistics.

The ONS reported the Consumer Prices Index (CPI) grew by 1.8% in the year to April 2014, up from 1.6% in March. This is the first rise since last summer. Rising transport costs, notably air fare...

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