News for Spread Betters

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There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

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Must-read article on today's escalating cost of learning to drive - click here

Secured loans

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Make the most of this month's great rates on loans:

1. Ocean Finance
2. Loans.co.uk
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Unsecured Loans

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Lighten the load of all those repayments with a low rate unsecured loan. This month's selected offers:

1. A&L Personal Loans
2. Barclays Loans
3. Halifax Loans

AMEX Platinum

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Money back on your spendings? With American Express Platinum MoneyBack card, you can get

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Virgin Credit Card

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Make 2007's chart topper your 2008 resolution. With Virgin Credit Card, you can get

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Barclaycard Platinum

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Enjoy some breathing space with Barclaycard Platinum with Cashback

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Savings accounts

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Make your money multiply! Secure your future with some of this month's great rates:

1. ICICI - HiSAVE Savings
2. ASDA Internet Savings
3. Birmingham Midshires

Household bills

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Do you know how much you could save by switching energy supplier? Stop paying over the odds, get a free and instant quote in seconds!

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Current Accounts

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Your money can work for you! Get it going with one of this month’s high interest current accounts:

1. First Direct - 1st Account
2. A&L Premier Direct
3. HSBC Premier

By Rory Gallivan

Date: Tuesday 13 May 2008

LONDON (ShareCast) - Higher energy and food costs helped push Consumer Price Index (CPI) annual inflation – the government’s benchmark measurement – up to 3% in April from 2.5% in March.

Higher gas, electricity and heating oil prices accounted for the largest part of the price rise, the Office of National Statistics (ONS), which compiles the statistics, said.

Rising prices for food such as meat and fruit, computer games and furniture also added to inflation, as did an increase in excise duty, which pushed up the price of alcohol and tobacco.

The CPI figures come the day after the ONS said that factory gate prices – the cost of goods as they leave the factory rather than the price paid by the consumer – rose by 1.4% in April, pushing the annual rate up to 7.5%.

A reduction in air fares following price rises in March helped limit the rise in CPI inflation, the ONS said.

While higher oil prices continued hitting the headlines in April, petrol prices actually had a downward effect on the inflation figures. The average price of petrol increased by 1.9p a litre to 108.2p between March and April, compared with a rise of 3.4p last year.

The factors contributing to CPI inflation also helped push up Retail Price Index (RPI) inflation – which takes into account housing-related prices – to 4.2% in April from 3.8% in March.

Falling house prices helped prevent a larger rise in RPI inflation, with council tax and vehicle excise duty also having a negative effect on the April figure.

• News Channel