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UK inflation rises to 9.1%, its highest rate in 40 years
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UK inflation has risen further to 9.1%, the highest rate in 40 years amid the cost of living crisis.
The figures from the Office for National Statistics showed an increase in May from 9% in April as measured by the consumer price index, as petrol prices and the cost of a weekly shop puts pressure on households across the country.
Last week the Bank of England warned inflation was on track to reach 11% later this year amid soaring gas and electricity prices.
More to follow…
Read more on theguardian.comAbout this in other media
Bank of England vows to act ‘forcefully’ to prevent lasting inflation theguardian.com /1 year ago
Germany records first monthly trade deficit since 1991 as inflation soars theguardian.com /1 year ago
Lavazza in talks with UK retailers over costs as inflation bites theguardian.com /2 years ago
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