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The Independent UK
The Independent UK
National
Thomas Kingsley

Inflation soars to highest rate in four decades as cost of living crisis bites

Inflation Samuel Tombs Bank of England Britain
Getty Images

Britain's rate of inflation has surged to a new 40-year high, heaping more pressure on households struggling with the cost of living crisis.

The Consumer Prices Index (CPI) rose to 10.1 per cent in the 12 months to July, up from 9.4 per cent in June and remaining at the highest level since 1982, the Office for National Statistics (ONS) said.

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