UK inflation hit a 40-year high of 9.1% in May

Official data showed today, Wednesday, that rising food prices pushed consumer price inflation in Britain to the highest level of the past 40 years last month, to reach 9.1%.

The data was in in line with the results of a Reuters poll of economists.

“The rise in food and soft drink prices compared to the drop a year ago has contributed to a significant increase” in inflation, the Office said. for British National Statistics.

The bureau added that consumer prices rose 0.7% month-on-month in May.

For his part, UK Finance Minister Rishi Sunak said on Wednesday that the government is doing everything it can to combat price hikes, while data showed UK inflation hit 9.1. % in May.

“We are using all available tools to reduce inflation and combat rising prices,” Sunak added.

He continued: “We can build a stronger economy through independent monetary policy, responsible fiscal policy that does not increase inflationary pressures and by improving productivity and long-term growth.”

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