(MENAFN) According to the Office for National Statistics, the consumer prices index (CPI) for the United Kingdom increased from 9 percent in April to 9.1 percent previous month, a level not seen since February 1982. (ONS). It is the highest rate among the rich G7 nations.
According to data, rising food and energy costs are driving up inflation. According to the ONS, costs for food and non-alcoholic beverages have grown at the quickest annual pace since 2009, with the cost of bread, cereals, and meat experiencing the most notable rises.
The inflation rate has also been driven by housing and household services, particularly electricity, gas, and other fuels, as well as transportation.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.