Prices rose by 9.4% in June, up from 9.1% in May, the Office for National Statistics has said. The increase is linked to rising fuel and petrol prices.
Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “Annual inflation again rose to stand at its highest rate for over 40 years. The increase was driven by rising fuel and food prices, these were only slightly offset by falling second-hand car prices.
“The cost of both raw materials and goods leaving factories continued to rise, driven by higher metal and food prices respectively. These increases saw raw materials post their highest annual increase on record, with manufactured goods at a 45-year high.”
