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Britain recorded its highest inflation rate in 30 years last month

2022-01-19T09:43:56.807Z

London, SANA- Britain recorded last month the highest annual inflation rate in three decades. The National Bureau of



London-Sana

Last month, Britain recorded the highest annual inflation rate in three decades.

The British Office for National Statistics stated that the annual rate of inflation reached 5.4 percent last month, after it recorded 5.1 percent in November last year, on the back of a significant increase in fuel prices.

This percentage is the highest since March 1992, when it reached 7.1 percent.

Economist Grant Wenzer explained that food prices rose significantly last month, while the rise in furniture and clothing prices also led to this rise in the inflation rate.

The world's economies are facing the highest levels of inflation in decades, forcing central banks to raise interest rates, including the Bank of England, which raised the main interest rate last month, against the background of the repercussions of the Corona epidemic crisis and the resulting problems in supply and supply chains.

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Source: sena

All business articles on 2022-01-19

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