UK inflation hits 40-year record, highest in G7
The Bank of England said last week that inflation was likely to remain above 9 percent over the coming months before peaking at slightly above 11 percent in October.
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The Bank of England said last week that inflation was likely to remain above 9 percent over the coming months before peaking at slightly above 11 percent in October.
The Bank of England says worse is yet to come as the UK records the highest inflation rate out of the G7 countries.Rising food prices pushed the Unite
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the
Britain's inflation rate is the highest of the Group of Seven countries and underlines the severity of the cost-of-living crunch. Read more at straitstimes.com.
The UK recorded the highest inflation in the past four decades in May with food and energy prices pushing it up to 9.1 percent.