Financial Times FT.com

Familiar culprits drive surprise jump in bills

By Delphine Strauss

Published: May 13 2008 21:37 | Last updated: May 13 2008 21:37

Soaring household bills for food, gas and electricity were the familiar culprits driving the surge in consumer price inflation, but signs of more widespread price pressures will trouble policymakers trying to steer inflation back to target.

The surprise jump from 2.5 per cent to 3 per cent in annual inflation, the biggest monthly increase since 2002, reflects broad-based increases across most components of the consumer price index.

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