Traditional »English Breakfast«: Bread, breakfast cereals, milk, cheese and eggs in particular have recently been significantly more expensive
Photo: SUZANNE PLUNKETT/ REUTERS
Inflation continued to rise in Britain, with consumer prices up 10.1 percent year-on-year in July, according to the UK Statistics Office.
In June, inflation had already reached 9.4 percent - both the highest increases in consumer prices in 40 years.
According to the statisticians, the reason for the high inflation in July was above all the rise in food prices.
Bread, cereal, milk, cheese and eggs were significantly more expensive.
Energy prices also continued to rise sharply.
The British central bank expects inflation rates of up to 13 percent this year.
For months now, the statisticians in London have been reporting new 40-year highs in price development.
The Bank of England is also forecasting a decline in economic output in each quarter from the end of 2022 to the end of 2023. Growth thereafter will also be “very weak”.
In the fight against high inflation, it has already increased the key interest rate by 0.5 points to 1.75 percent.