The rate of inflation rose again in May and remains at a 40-year high, though the latest increase was fairly small, new figures show.
The Office for National Statistics said the rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May, matching analysts’ expectations.
Data showed that the rising cost-of-living was driven by rises in food and petrol prices. Fuel costs have risen by almost a third in the last year, the figures showed. The increase matches what analysts had expected and pushes the measure to its highest since early 1982, according to ONS estimates.
