Electricity, gas and fuel: Prices have risen significantly in the UK. Inflation is now at its highest level in 25 years.
Inflation in the UK continues to rise. In April, consumer prices rose by 9.0 percent compared to the same month last year, as the statistics office ONS announced in London on Wednesday.
That is the highest rate since the latest records began in 1997. By back-calculation, the ONS concludes that the inflation rate must have been higher around 1982.
Market expectations were roughly met, analysts had expected an average inflation rate of 9.1 percent. Price increases in April came mainly from more expensive electricity, more expensive gas and fuels such as petrol. Used cars were again significantly more expensive.
The British central bank has already reacted to the high inflation by tightening its monetary policy. It has already raised its key interest rate four times since autumn, making it one of the pioneers among the major central banks. The background to the high inflation is, above all, considerable tension in world trade due to the corona pandemic and the war in Ukraine.