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UK inflation rises to 40-year high

2022-05-18T19:15:50.924Z

London, SANA- Government data showed that the consumer price inflation index in Britain rose to 9 percent in Nice



London-Sana

Government data showed that the consumer price inflation index in Britain rose to 9 percent last April, the highest reading in 40 years, compared to 7 percent in March.

The British Guardian newspaper quoted the Office for National Statistics as saying: The monthly inflation in Britain rose by 2.5 percent last month, compared to 1.1 percent in March.

The core inflation rate, which excludes the prices of food, energy and other volatile goods, recorded an annual increase of 6.2 percent from 5.7 percent in March.

Fuel and food prices continue to record highs amid a global crisis due to the repercussions of the Ukrainian crisis and the weakness of the global economy.

The Bank of England raised key interest rates four times in a row in an effort to contain the inflation crisis sweeping the world, bringing the interest rate to 1 percent, the highest level since 2009.

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Source: sena

All business articles on 2022-05-18

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