© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

UK inflation rises to 30-year high of 5.5% amid cost of living crisis

Soaring energy bills and higher clothing and secondhand car prices push figure higher in January

  • Business live updates: UK inflation hits 30-year high of 5.5%

Inflation in the UK increased to the highest rate for three decades in January as the impact of rising energy bills fed into a wide range of goods and services, adding to the squeeze on household living standards.

The Office for National Statistics said the consumer price index measure of inflation increased to 5.5% in January from 5.4% a month earlier, driven by prices for clothing, footwear and furniture.

Continue reading…

Related posts

Soaring rents making life ‘unaffordable’ for private UK tenants, research shows

AEA3

Abimael Guzmán, leader of Peru’s Shining Path, dies aged 86

AEA3

Patel says Covid rules ‘tough enough’ despite another 1,243 deaths

AEA3