UK’s inflation surges to 30-year high of 6.2pc

31

Rising prices across the board sent inflation in the United Kingdom soaring to a new 30-year high in February as the cost-of-living crisis intensified, according to official figures.

The Office for National Statistics (ONS) said on Wednesday that Consumer Prices Index (CPI) inflation rose to 6.2 percent in February, up from 5.5 percent in January and again reaching the highest level since March 1992, when it stood at 7.1 percent.

The rise was higher than expected and comes after prices lifted across food, clothing and footwear and a range of products and services.—TLTP

 

Previous articleChina’s agri product wholesale price index edges up
Next articleTraders stage rally to celebrate Pak Day