Britain’s cost-of-living crisis deepens ...News

Economy by : (Russia Today) -
Inflation in the country hit a new 40-year high in May, official data shows UK’s consumer prices index (CPI) rose from 9% in April to 9.1% last month, a level unseen since February 1982, according to the Office for National Statistics (ONS). It is the highest rate in the G7 group of wealthy nations. Data showed the inflation is being fueled by soaring food and energy costs. The ONS said that food and non-alcoholic drink prices have risen at the fastest annual rate since 2009, with the most dramatic increases seen in the cost of bread, cereals and meat. Housing and household services, primarily electricity, gas and

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