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Inflation in Britain is at its highest level in 40 years

2022-06-22T09:24:36.846Z

London, SANA- Inflation in Britain rose to its highest level in 40 years last month, reaching 9.1 percent, according to



London-Sana

Inflation in Britain rose to its highest level in 40 years last month, reaching 9.1 percent, according to official data published today.

Reuters quoted the British Statistics Office as saying: "The rise in the prices of food and non-alcoholic drinks contributed to a significant increase in inflation," noting that consumer prices rose 0.7 percent on a monthly basis in last May.

The data was in line with the results of a Reuters poll of economists.

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 2022-06-22

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