UK hits double-digit inflation for the first time in 40 years
Cointelegraph
Published Aug 17, 2022 08:01AM ET
Updated Aug 17, 2022 09:40AM ET
The inflation rate in the United Kingdom reached 10.1%, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to July 2022. It's a significant leap from 9.4% in June.
The ONS stated that housing and household services, including fuel and transport (fuel again), food and beverages are to blame for the surge in prices.
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Written By: Cointelegraph
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