UK inflation hits fresh 40-year high in cost-of-living crisis ...Middle East

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UK inflation hits fresh 40-year high in cost-of-living crisis
source : Daily Sun ( Middle East ) () 17
LONDON: British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers’ wages in a cost-of-living crisis, and heaping more pressuring the Bank of England to keep raising interest rates.The inflation rate edged higher to 9.1 percent in May from 9.0 percent in April, remaining at the highest level since 1982, the Office for National Statistics (ONS) said.UK inflation is set to top 11 percent before the end of the year according to the Bank of England, fuelled by soaring energy prices that have raised the prospect of a global recession.Decades-high inflation is causing a cost-of-living crisis in Britain and elsewhere.UK railway staff are this week

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