U.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis.
The 9% rise in the consumer price index is the highest since records began in 1989, outstripping the 8.4% annual rise posted in March 1992 and well ahead of the 7% seen in March of this year.
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader's market stall in London on May 12, 2022. - Britain's economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output in January, the UK economy posted zero growth the following month and contracted by 0.1 percent in March. LONDON — U.K.
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