Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Inflation at 9.1%, recession fears hit shares and oil price

Soaring food and motoring costs today sent the UK’s inflation rate to a fresh 40-year high of 9.1%.

Alongside May’s CPI figure, the Office for National Statistics said the price of goods leaving factories rose at its fastest rate in 45 years.

The Bank of England has warned it expects inflation to hit 11% later this year, with October’s review of the energy price cap a big factor.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.