UK inflation rises to new 40-Year high with more gains expected

While the jump was smaller than seen in recent months, the figures still underline the scale of inflation crisis facing the UK.
UK inflation rises to new 40-Year high with more gains expected

UK inflation is set to get worse later this year when another energy price hike kicks in, with the Bank of England forecasting price gains will surge above 11% in October.

UK inflation rose to a fresh four-decade high in May after broad increases in the cost of everything from fuel and electricity to food and beverages.

The rate accelerated to 9.1%, from 9% a month earlier, the Office for National Statistics said.

Already a subscriber? Sign in

You have reached your article limit.

Subscribe to access all of the Irish Examiner.

Annual €130 €80

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited