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Birmingham Post
Birmingham Post
Business
August Graham, PA City Reporter & Hannah Baker

Cost of living rises at fastest rate for 40 years

The cost of living in the UK has increased at its fastest rate for 40 years as soaring energy bills put millions of households under pressure.

Inflation rose to 9% in the year to April, up from an already high 7% in March, according to the Office for National Statistics (ONS). It was the fastest measured rate since records began in 1989, and the ONS estimates it was the highest since 1982.

A large portion of the rise was due to the price cap on energy bills, which was hiked by 54% for the average household at the start of the month.

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