U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country's cost of living crisis.
The 9.1% rise in the consumer price index was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April.
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey.LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country's cost-of-living crisis.
In its communications alongside the figures on Wednesday, the U.K.'s Office for National Statistics said its estimates suggested that inflation "would last have been higher around 1982, where estimates range from nearly 11% in January down to approximately 6.5% in December."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBP/USD Price Analysis: Further upside hinges on 1.2310 breakout, UK inflationGBP/USD Price Analysis: Further upside hinges on 1.2310 breakout, UK inflation By anilpanchal7 GBPUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Weiterlesen »
Julian Assange case reflects US, UK hypocrisy on press freedom: China“People are treated either as heroes if they expose other countries or as criminals if they expose the US,” Chinese Foreign Ministry spokesperson Wang Wenbin says.
Weiterlesen »
UK Government Backtracks on Unhosted Wallet Data Collection ProposalThe U.K. government backtracked on a proposed data collection rule for financial transfers, saying it didn't make sense to require all senders of funds to private crypto wallets to collect recipients' identification details. By nikhileshde
Weiterlesen »
Hundreds of UK Troops Banned From Deployment over Barracks OrgiesHundreds of British troops have been barred from NATO deployment after video emerged of orgies with a civilian woman at a military barracks.
Weiterlesen »
George Ezra Completes U.K. Chart Hattrick With ‘Gold Rush Kid’George Ezra bumps Harry Styles from the top of the leaderboard.
Weiterlesen »
Cher Congratulates Kate Bush on Passing Her In U.K. Record BooksThere’s no animosity from Cher, just “mega respect.”
Weiterlesen »