Inflation soars to 40-year-high 9% after hike in energy prices

Labour called for more help for struggling households, but the Chancellor said it was not possible to totally protect people from rising costs

rose steeply in April, driven by the sharp climb in electricity and gas prices as the higher price cap came into effect.“We have also published new modelled historical estimates today which show that CPI annual inflation was last higher 40 years ago.”

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