UK inflation is “on its way back up” as the UK consumer price inflation rose to 2.1 percent in April 2019, an increase from 1.9 percent in March, said Thomas Wells, manager of the Smith & Williamson global inflation-linked bond fund.

This exceeds the Bank of England’s target of two percent for the first time this year. However, it was still below the predicted 2.2 percent.

The increase was largely due to rising energy prices, which will “worry consumers as real wage growth comes under threat once more, after a year of inflation running below wage growth,” warned Ian Forrest, investment research analyst at ...