Consumer price index rose at an annual 7% amid soaring food and energy costs, official data shows The annual rate of inflation in the United Kingdom shot up 7% in March, the highest level recorded since 1992, according to the Office for National Statistics (ONS). Data released on Wednesday showed that the largest contributors to the trend were increased fuel prices and energy bills. The consumer price index (CPI) rose from 6.2% in February and was higher than expected, with economists having predicted a rate of 6.7%. The 7% increase is the highest since March 1992, the ONS said. From April 1, the UK energy regulat
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