UK inflation stays at highest level in five years

The Office for National Statistics said Wednesday the underlying annual inflation rate in the UK - the measure targeted by the Bank of England - was 3 per cent in April, unchanged from the previous month.

Source: Financial Times

Inflation stayed at its highest level in almost five years in April as falling motoring costs were offset by higher council tax bills, official figures showed yesterday.

The underlying annual rate - the measure targeted by the Bank of England - was 3 per cent in April, u