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Water and sewerage prices rose by 26.1% in April, which the ONS said was the largest rise for 37 years, since official records began. A sharp jump in the cost of airfares compared to April last year also helped drive up inflation.The later Easter this year is thought to have contributed to the rise in flight costs and package holidays, which is expected to be a one-off increase.Meanwhile, the cost of services specifically rose 5.4% in the year to April, which some economists attributed to the rise in National Insurance Contributions for employers and a higher minimum wage coming into force, changes which pushed up costs for businesses more broadly.Services inflation refers to rises in prices for things that are bought for use or consumption, like eating at a restaurant, getting a haircut, or going to the cinema.Britain is a services-led economy which means that more of our jobs co …
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