The average inflation rate for the UK has fallen below the OECD’s median in each of the past three years.

The ONS said on Wednesday that inflation in the UK rose to 0.8 per cent in April and 0.9 per cent this month.

The figures are below the median of 0.6 per cent that was calculated for the first three months of the year.

The average rate of inflation for the country was 0.7 per cent last year.

Average inflation rate across the OECD countriesFor the first time in three years, inflation fell in the US and Canada.

The UK, however, grew its inflation rate by 0.2 per cent and 2.1 per cent respectively.

Average CPI for the year to March was 0% which is still below the average of 0% seen in the first quarter of the previous year.

“There’s some very worrying signs that inflation is going to continue to be lower than what we have seen in recent years,” said John Whittaker, chief UK economist at Capital Economics.

“It’s not a great sign when you’re going into an election, but it’s still a big, big risk if we see a rise in interest rates.”

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