Inflation rises to four-year high
Inflation has risen to a four-year high with higher costs for food, toys, games and hobbies squeezing the cost of living.
Latest figures from the Office for National Statistics show inflation rising to 2.9% in May from April's 2.7% - well above the Government's target of 2%. It is the highest level since June 2013.
The largest upward contribution came from housing and household services, largely from rises in owner occupiers’ housing costs and, to a lesser extent, from Council Tax and electricity price rises.
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