Connect with us

Hi, what are you looking for?

Top News

Inflation: The highest level in several decades in Britain

Inflation: The highest level in several decades in Britain

According to a British Statistics Office (ONS) report on Wednesday, consumer prices excluding housing costs (CPI) were 10.1 per cent higher in July compared to the previous year. In June, 12-month inflation was measured at 9.4% in Great Britain.

The Massachusetts Institute of Technology quotes the Office of National Statistics statement: The July inflation rate is the highest since the monthly measurement of annual inflation using current methodology began in January 1997.

Based on data calculated even before that using modeling, the last time in January 1982, more than forty years ago, British annual inflation was faster than last month, at a rate of about 11 percent. According to the Office for National Statistics, within the average of the entire inflation basket in July, food and soft drinks prices and transportation costs rose the most.

Prices of food and soft drinks rose 12.7 percent in the year to last month, after a 9.8 percent rise in June. Transportation costs are up 15.1% and retail fuel prices are up 43.7% in twelve months.

See also  Live Sports TV on Sunday, November 20th
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...


Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...


A dangerous application appeared in the Apple App Store disguised as a known program. reported the Based on TechCrunch article. Dangerous app in...

Copyright © 2024 Campus Lately.