UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens

UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens

ONS figures showed that real wages in the UK over the three months to May experienced their steepest decline since records began in 2001. Henry Nicholls | Reuters LONDON — UK inflation hit yet another new 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis. The …

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