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UK inflation rate hits 40-year high in May

The rate of inflation in the UK hit its highest point in 40 years in May as prices for food, energy and fuel continued to climb, new data shows. The Consumer Prices Index (CPI) rose by 9.1 percent in the 12 months to May 2022, up from 9 percent in April, according to data from the Office for National Statistics (ONS). The increase was in line...

Jun 22, 2022