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UK inflation surged to 3.5% in April, its highest in over a year, driven by rising household bills, particularly water, gas, and electricity. This exceeds economists' predictions and the Bank of England's 2% target. The increase is attributed to factors including higher energy prices, a rise in the minimum wage, and increased National Insurance contributions. Businesses, like Lake Dan Brewing Company, are facing crippling cost increases, forcing price hikes for consumers. The government expressed concern over the figures, while economists warn of a potentially larger and longer-lasting inflationary rebound.

Prepared by Christopher Adams and reviewed by editorial team.