Economic Buzz: UK Consumer Price Inflation At 9.1% In May

22 Jun 2022 , 02:18 PM

UK consumer price inflation rose further in May at the fastest pace in 40 years on rising energy and food prices, deepening the cost of living crisis. Consumer price inflation rose to 9.1 percent in May, in line with expectations, from 9.0 percent in April, data from the Office for National Statistics revealed. Continued steep food price rises and record high petrol prices were offset by clothing costs rising by less than this time last year and a drop in often fluctuating computer games prices. On a monthly basis, consumer prices gained 0.7 percent, but much slower than the 2.5 percent increase posted in April.Powered by Commodity Insights