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British inflation rises to 9% and reaches its highest level in 40 years

consumer price Index United Kingdom In April it was 9% compared to 7% in the previous month, the highest rate…

By admin , in news , at May 18, 2022

consumer price Index United Kingdom In April it was 9% compared to 7% in the previous month, the highest rate since 1982, according to data released by the Office for National Statistics (ONS) this Wednesday.

The rise in inflation responded to the rise in prices of goods for daily use and services during the month of April, which was driven by the whose war. UkraineAnd mostly because of the unprecedented increase of 54% in the established limit for energy products prices, which began to be implemented at the beginning of the month.

growth of gas and electricity

Chief Economist of ONS, Grant FitznerIt added that “inflation rose sharply in April, with a sharp rise in electricity and gas prices beginning to implement this higher price cap.”

This new cap, which defines the maximum price per unit that suppliers can charge consumers, went into effect in April, leading to an average annual increase in households gas You Lightning Which is around 2,000 euros.

The expert also pointed out that “the cost of metals, chemicals and crude also continues to rise higher annually, along with higher prices of products that come out. factory,

Inflation rose sharply in April, driven by sharp rise in electricity and gas pricesGrant Fitzner, ONS. chief economist of

“This is driven by an increase in products” MealTransport equipment and metals, and machinery,” he said.

After revealing new inflation figures, the British economy minister, Rishi Sunaktold local media that although the government cannot “fully protect citizens” from global problems, those who have contributed to this rate reaching 9%, they are “providing significant assistance” and “new measures”. ready to adopt”.

To contain the rise in inflation, bank of england UK interest rates have recently been raised from 0.75% to 1%, their highest level in 13 years.

This was the unit’s fourth consecutive increase in an attempt by the English issuing bank to offset the increase in the cost of living in the country. United Kingdom,

British inflation rises to 9% and reaches its highest level in 40 years

2022-05-18 06:48:53