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Inflation jumps to 3.0%
Higher gas and electricity bills and dearer fuel have helped to push inflation higher. Inflation under the Retail Prices Index (RPI) rose to 3.0% in the year to May from 2.6% the previous month.
The Consumer Prices Index (CPI), which excludes housing costs and is the government’s preferred measure, also saw an increase: it rose from 2.0% to 2.2%.