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UK inflation rises to 9.1%, its highest rate in 40 years
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UK inflation has risen further to 9.1%, the highest rate in 40 years amid the cost of living crisis.
The figures from the Office for National Statistics showed an increase in May from 9% in April as measured by the consumer price index, as petrol prices and the cost of a weekly shop puts pressure on households across the country.
Last week the Bank of England warned inflation was on track to reach 11% later this year amid soaring gas and electricity prices.
More to follow…
Read more on theguardian.comAbout this in other media
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UK will face worse inflation than other major economies, says Bank governor theguardian.com /1 year ago
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