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.



