London: The rate of inflation in the United Kingdom reached the highest level in 40 years, the rate of inflation in the country exceeded 11 percent this month.
According to foreign media, the inflation rate in the UK reached 11.1%, which is the highest level in 40 years in the UK.
Foreign media report that inflation is likely to be even higher, with the country’s annual inflation rate rising after a bill hike in October.
The data released by the Office of National Statistics (OLN) shows that the inflation rate was 7 percent in March this year, it reached 9 percent in April, followed by 10.1 percent in September. But arrived.
According to OLAN, the main reason for this rising inflation in the country is the increasing prices of electricity, gas and other fuels, which is also increasing the prices of houses.
As usual in the UK, April saw energy prices rise by 54 per cent and motor fuel prices by 31.4 per cent, adding to transport costs.
In early May, the Bank of England predicted that UK inflation would hit a record high this year.
It will see a 10 percent increase in the fourth quarter of the year as food and energy prices rise due to the ongoing Russian military operation in Ukraine.
The Bank of England has requested a further 2% increase in interest rates.