scorecardresearchUK Inflation at New 40-Year High Worsens Living Standards Crisis

UK Inflation at New 40-Year High Worsens Living Standards Crisis

Updated: 20 Jul 2022, 12:09 PM IST
TL;DR.
UK inflation hit a new 40-year high in June, intensifying the cost of living crisis and heaping pressure on the Bank of England to deliver an aggressive interest-rate increase next month.
A person wearing a backpack with the slogan SAVE OUR OCEANS, looks at food goods in a shop as UK inflation heads towards 10% in London, Britain, June 16, 2022. REUTERS/Kevin Coombs

A person wearing a backpack with the slogan SAVE OUR OCEANS, looks at food goods in a shop as UK inflation heads towards 10% in London, Britain, June 16, 2022. REUTERS/Kevin Coombs