Steep increases in gas, electricity and water bills, along with a jump in the price of air and coach travel, helped push the UK’s overall rate of inflation in April to its highest level for 15 months.

Price rises slowed last month across a range of everyday groceries, including cheese, pasta and breakfast cereals, which helped the UK’s overall rate of inflation drop to its lowest level since May.

Shrinkflation refers to a reduction in the size of a consumer good (like a candy bar or bottle of dish soap) over time while the product’s price remains the same. For example, a company that sells a ...

Falls in the cost of petrol and air fares in May were offset by a record rate of inflation for chocolate and jumps in the price of everyday items such as coffee and cheese. The average price of ...

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