UK consumer prices reach 40-year highs ...News

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Inflation jumps by 9%, estimated to be the highest since 1982 Consumer prices in Britain jumped by 9% to hit a 40-year high last month, with the biggest price increases seen in food and energy, official figures from the UK’s Office for National Statistics revealed on Wednesday. The current rise in the consumer price index is the highest since the country started tracking prices in 1989, jumping 2.5% month-on-month. The agency estimates that inflation was higher “sometime around 1982.” According to a recent survey cited by CNBC, a quarter of UK residents have started to skip meals to save money amid soaring prices.

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