UK inflation reaches new 30-year high of 7%

Increase in inflation expectations has now added £140bn to DB liabilities since last July

clock • 4 min read
The Office for National Statistics, Pimlico, London.
Image:

The Office for National Statistics, Pimlico, London.

UK inflation has accelerated to a new 30-year high of 7%, according to the Office for National Statistics.

The highest Consumer Prices Index (CPI) inflation rate since March 1992 has been driven primarily by the shock in energy prices, with housing and transport prices also pushed up due to the cost of ...

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