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UK inflation hits 40-year high of 9.0%, squeezing households harder

British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help for households and the Bank of England to keep raising interest rates despite a risk of recession.

UK inflation hits 40-year high of 9.0%, squeezing households harder
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Consumer price inflation hit 9% in April, the Office for National Statistics said on Wednesday, surpassing the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults.

Read more at Reuters

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