Due to increase in food prices, the consumer price inflation in the United Kingdom has increased to a 40-year high of 9.1% in May, which is the highest rate out of the Group of Seven countries (G7) and one which underlines the severity of the country’s cost-of-living crisis. The analysis escalated from 9.0% in April to the present digits according to records from the Office for National Statistics, ONS, showing that May’s inflation was the highest since March 1982, and there is likelihood of worse scenario in the nearest future.…
Read MoreUK faces highest inflation in 40 years due to rising food prices
