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BBC News UpdatesBack

BBCLogoUK inflation rate rises to 1.8% in April

The Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according to the office for National Statistics.

The ONS said the timing of Easter, which fell in April this year, was likely to have had an impact on travel costs.

It said the cost of petrol was also higher than the same month a year ago.

The increase in travel and fuel costs were offset to some extent by a fall in the cost of food.

April’s rise in the CPI rate suggests that the cost of living is once again increasing faster than wage rises. The most recent figures on earnings showed that they rose at an annual rate of 1.7% in the three months to March.

Fiat Poland

Fiat plans to invest $770m (£460m) in its factories in southern Poland, where it has plans to build a new model. That’s according to the Polish government. Fiat employs 3,000 staff in Poland, and is likely to hire another 400.

Posted by Sue Robinson on 23/05/2014