UK inflation hits 40-year high ...News

Russia Today - Economy
UK inflation hits 40-year high
source : Russia Today ( News ) () 13
Consumer prices rose 9.4% in June amid the worsening cost of living crisis Inflation in Britain accelerated at a faster pace than expected in June and hit 9.4% year-on-year, the highest increase since February 1982, according to data released by the Office for National Statistics on Wednesday. The Consumer Prices Index was expected to rise by 9.3% in June, from 9.1% in May. Prices for motor fuels and food made the largest upward contributions to the change, the UK’s statistics body said. According to its figures, the annual increase for transport was 15.2%. The prices of food and non-alcoholic beverage surged by 9

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