UK inflation rises to 40-year high in April

The Office for National Statistics said that UK inflation rose 9% in April, its highest annual rate since 1982, and food prices rose year-on-year by nearly 7% in April. The International Monetary Fund predicted last month that Britain in 2023 will experience slower economic growth and more persistent inflation than any other major economy. “We cannot completely protect people from these global challenges but we are providing great support where possible and stand ready to take further action,” Finance Minister Rishi Sunak said. Central speaks for itself.