Rising prices across the board sent UK inflation soaring to a new 30-year high in February as the cost-of-living crisis intensified, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 6.2% in February, up from 5.5% in January and again reaching the highest level since March 1992, when it stood at 7.1%.
The rise was higher than expected and comes after prices lifted across food, clothing and footwear and a range of products and services. The ONS said inflation rose across 10 out of the 12 categories that feed into the index, with only communication and education not seeing increases.
Experts have warned prices will rise further still as the Ukraine conflict pushes up already sky-high inflation. And this will add to painful price rises for energy, fuel, commodities and food.
