Headline CPI inflation accelerated to 4,5 per cent in April, which is at the mid-point of the target range. The main drivers of the annual increase were housing and utilities (1,3 percentage points), miscellaneous goods and services (1,1 percentage points) as well as food and non-alcoholic beverages (0,8 percentage points).
On a monthly basis Headline CPI inflation increased by 0.9 percentage points, up from the recent low of 3,9 per cent in February and which is mainly attributable to the previous decline in the petrol price, which has largely been reversed.