UK inflation reaches 9% in April

Inflation in the UK reached its highest level in April in more than 40 years. This is because soaring gas and electricity have increased prices by 9% year-on-year.

Consumer price inflation is close to economists’ expectations, almost double what the Bank of England expected six months ago.

Due to the sharp slowdown in economic activity in the first quarter of this year, the UK economy has suffered the worst stagflation since the second oil crisis in the 1970s.

The sharp rise in living costs pressures Prime Minister Rishi Sunak to accelerate his promised measures to help poor families and pensioners cope with rising prices much faster than their income. Will be added.

This is a developing story..

UK inflation reaches 9% in April

Source link UK inflation reaches 9% in April

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