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UK inflation hits fresh 40-year high of 9.4% as fuel prices rise | Inflation

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Dearer petrol and diesel costs for motorists pushed Britain’s annual inflation charge to a recent 40-year excessive of 9.4% final month.

Figures from the Workplace for Nationwide Statistics confirmed the federal government’s most popular measure of the price of dwelling – the patron costs index – was up from Might’s 9.1% determine.

Inflation, which stood at 2.5% in June 2021, has now risen for 9 months in a row and the Financial institution of England is anticipating it to peak at above 11% when power payments rise once more within the autumn.

The Metropolis had been forecasting inflation would choose as much as 9.3% after the worth of unleaded petrol rose by about 20p a litre in June.

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