Wednesday, May 18, 2022

UK INFLATION HITS HIGHEST RATE IN FOUR DECADES

UK inflation's hit its highest rate in 40 years.

It jumped to 9% in the 12 months to April, up from 7% in the previous month.

Rising energy costs and food prices have contributed to the rise.

Former central bank governor Mervyn King believes the Bank of England should be doing more.

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