UK inflation reaches 9.1% in May, the highest level since 1982. Bread, cereals, and meat experienced the greatest price increases. Experts predict inflation to reach double digits by September. The Bank of England anticipates that inflation would approach 11% in October. In May, the UK’s inflation rate reached a new peak of 9.1%, its highest … Read more
Inflation reaches its highest level in 40 years as the cost of living problem worsens. Last month, the rate jumped to 9%, the highest level since similar figures from 1982. The Office for National Statistics (ONS) reported a broad-based increase in prices for ordinary goods and services in April. There was an unprecedented 54 percent … Read more
LONDON: Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter of last year, “returning to pre-coronavirus pandemic levels”, the Office for National Statistics … Read more
LONDON: British annual inflation accelerated in December to its highest level for almost three decades, official data showed on Wednesday, fuelled by price gains for clothing, food and furniture. The rate hit 5.4 per cent last month after striking a decade-high in November on jumping fuel costs, the Office for National Statistics said in a statement. … Read more
