Inflation soared to an 18-year high driven by rising fuel prices, according to the latest figures released by Government.

The Consumer Price Index revealed that inflation increased by 5.3 percent in April from the same period last year, the first time the rate has reached that figure since May, 1990.

The transport and vehicles sector was the main contributor to the 12-month rise, with sustained pressure on the world oil markets resulting in higher gas prices for the premium blend, which was up 12 percent year-over-year.

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