UK inflation hits 40-year high of 9%
CNN
British inflation leapt last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up help for households facing a worsening cost-of-living crisis.
Consumer price inflation hit 9% in April, the Office for National Statistics said, surpassing even the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults.
A Reuters poll of economists had pointed to a reading of 9.1%. Sterling fell after the data and was down by 0.4% against the US dollar.
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