https://sputnikglobe.com/20220720/annual-inflation-in-uk-in-june-jumps-to-highest-level-in-40-years-1097603362.html
Annual Inflation in UK in June Jumps to Highest Level in 40 Years
Annual Inflation in UK in June Jumps to Highest Level in 40 Years
Sputnik International
MOSCOW (Sputnik) - The annual inflation in the UK accelerated in June to 9.4% from 9.1% in May, marking a record high since 1982, the Office for National... 20.07.2022, Sputnik International
2022-07-20T06:59+0000
2022-07-20T06:59+0000
2023-05-28T15:20+0000
inflation
economy
united kingdom (uk)
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"The Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May," the ONS said in a statement.The consumer price index, in turn, rose by 0.8% last month compared to 0.7% in May.Last month, the Bank of England predicted that inflation will hit 11% in autumn. In its forecast, the Bank said that "the increase in October reflects higher projected household energy prices following a prospective additional large increase in the Ofgem price cap." The Bank blamed the surging inflation on rising global energy as well as domestic factors, including “the tight labour market and the pricing strategies of firms”.
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inflation, united kingdom (uk)
inflation, united kingdom (uk)
Annual Inflation in UK in June Jumps to Highest Level in 40 Years
06:59 GMT 20.07.2022 (Updated: 15:20 GMT 28.05.2023) MOSCOW (Sputnik) - The annual inflation in the UK accelerated in June to 9.4% from 9.1% in May, marking a record high since 1982, the Office for National Statistics (ONS) announced on Wednesday.
"The Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May," the ONS said in a statement.
The consumer price index, in turn, rose by 0.8% last month compared to 0.7% in May.
Last month, the Bank of England predicted that inflation will hit 11% in autumn. In its forecast, the Bank said that "the increase in October reflects higher projected household energy prices following a prospective additional large increase in the Ofgem price cap." The Bank blamed the surging inflation on rising global energy as well as domestic factors, including “the tight labour market and the pricing strategies of firms”.
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