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Daily Mirror
Daily Mirror
Business
Sam Barker

Inflation hits 40-year high of 9.4% and could rise even more as petrol prices soar

Inflation

Higher food and petrol prices have pushed inflation up to a 40-year high of 9.4% in June, the latest figures show.

The news is a hammer blow to UK households, who are grappling with the rising cost of living - and more price hikes are coming.

The 9.4% inflation rate in June is an increase on the 9.1% recorded in May, according to the Office for National Statistics (ONS).

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