Rise in costs

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THE cost of living is rising once again.

Consume Price Index (CPI) inflation in April rose to 4.5 per cent, bouncing back from a fall to 4 per cent in March.

The Bank of England’s latest quarterly inflation report forecast CPI inflation could hit 5 per cent before falling back over the next two years.

The Retail Price Index (RPI) inflation fell in April to 5.2 per cent, from 5.3 per cent in March.