The Bank of England has warned inflation will reach 11% this year.
Prices are continuing to rise at their fastest rate for 40 years as food, energy and fuel costs climb.
Rail workers walked out on Tuesday causing severe disruption, with further strikes planned for Thursday and Saturday in a dispute over pay, jobs and conditions. But Dominic Raab told the BBC's Today programme: "We have got to stop making the problem worse by fuelling pay demands that will only see inflation stay higher for longer and that only hurts the poorest the worst."The ONS said rising prices for food and non-alcoholic beverages helped fuel inflation in May.
But he said the steep rises in food and record high petrol prices in May had been stemmed by the price of clothes rising less than they did this time last year, along with a drop in computer game costs. Responding to the latest inflation rate, Chancellor Rishi Sunak said the government was "using all the tools at our disposal to bring inflation down and combat rising prices".worth £15bn in total, to help people cope with soaring prices.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UK inflation hits 9.1% as prices rise at fastest rate for 40 yearsUK inflation hit 9.1% in the year to May as fuel, energy and food prices soar.
Weiterlesen »
Prince William turns 40: Birthday photos show duke's prioritiesAs he turns 40, the duke conveys his focus on issues like homelessness and the environment.
Weiterlesen »
Boy, 11, and man, 40, found stabbed near village hall as cops tape off sceneAN 11-year-old boy and a man, 40, have been found stabbed near a village hall with cops investigating the scene. Police taped off a home in Harrogate after the pair were found with suspec…
Weiterlesen »
Pwllheli: Lucky rabbit survives 40-mile ride in car grilleA driver describes hearing a 'dreaded thump' and fearing the worst, but somehow the rabbit survived.
Weiterlesen »
Inflation to raise UK food bills by £380 this year, data show\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »