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UK inflation rises to 40-year high

2022-08-17T10:06:02.545Z

London, SANA- Government data showed that the consumer price inflation index in Britain rose to 10.1 percent in July



London-Sana

Government data showed that the consumer price inflation index in Britain rose to 10.1 percent last July, the highest reading in 40 years.

The British newspapers quoted the Office for National Statistics as saying in a report today: The monthly inflation in the country rose by 0.6 percent last month, compared to 0.8 percent in June, while the core inflation rate, which excludes the prices of food, energy and other volatile commodities, recorded an annual increase of 6.2 percent. percent, compared to 5.8 percent in July of last year.

The British economy, like other Western economies, is facing a recession despite the measures taken by central banks to curb inflation, while fuel and food prices continue to record record highs amid a global crisis due to the repercussions of the Ukrainian crisis and the weakness of the global economy.

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Source: sena

All business articles on 2022-08-17

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