Gas prices responsible for rise in UK inflation levels

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

The rising prices set by gas suppliers are partly responsible for the increasing level of inflation in the United Kingdom according to a report  by an energy helpline.

New data released by the Office for National Statistics clearly showed that CPI (consumer price index) inflation had risen to 0.4 per cent on the previous month's figures – rising from 4 per cent to 4.4 per cent.

It was suggested in the article that because of the rising gas prices, customers may want to compare energy prices in a bid to get a better rate from their gas suppliers.

The official statistic authority, in an official statement said: “As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in January was above the provisional figure for the European Union.”

“The UK rate was 4.0 per cent whereas the EU's as a whole was 2.8 per cent,” the statement continued.

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