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Bangkok Post
Bangkok Post
Business

Britain’s inflation rate surges to a 40-year high of 9%

A pedestrian passes a closed-down shop in London on May 12, 2022. (AFP file photo)

UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

Consumer prices surged 9% in the year through April, the fastest rate since March 1982, the Office for National Statistics said Wednesday in a report that marked a bleak moment for living standards. Economists had expected a reading of 9.1%.

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