Consumer prices in The United Kingdom rose faster pace in three decades in Walks, official The data showed, Wednesday, the accumulated pressure on The embattled Prime Minister Boris Johnson and his money ministerRishi Sunak, to relieve cost-ofLive pressure.
Fueled by high prices for Home energy and car fuel, UK inflation accelerates to 7% in The twelve months to March, the highest annual rate Since March 1992, the office for National Statistics (ONS) reported.
was reading up from 6.2% in February came in more Than expected by most economists.
the month-on-Month rise It was highest for the time of year Since I started ONS records in 1988.
families facing the biggest cost-ofLiving pressures since the mid-fifties, according to Britain budget Predictors, such as rising energy costs, rising Food prices and tax increases overshadow this rising wages.
‘worry time’
And inflation is even further bad news for The government very.
Police fined Johnson and Sonak on Tuesday for Attend birthday June 2020 party for Johnson at his home in Downing Street office in time of COVID-19 restrictions, leading for political calls opponents for They have to resign.
Sunak – Previously seen as a file leading Candidate to succeed Johnson prime minister – He saw his popularity decline after a budget statment in March, which public The referee did little to mitigate it cost-ofLife stresses and modern revelations of Tax evasion of his wife.
“me know This is a worrying time for Many families, which is why we are taking action to ease the burden by providing support worth About 22 billion pounds ($29 billion) in This is amazing financial year Sunak said after the data was published.
Jack Leslie senior Sunak will be under pressure to do so, said the economist at Resolutions Research more.
“The sheer size of This pressure is caused by inflation on Living standards make everything more noticeable how Little support Adviser introduced in His spring statement – decision “That will definitely have to be reconsidered before the fall budget,” Leslie said.
disposable family income, adjusted for Inflation is expected to drop By 2.2% this yearaccording to government independent budget advisor.
wide range price rise from vehicle Fuel for food and furniture, she was behind the increase.
Domestic natural gas prices jumped 28.3% over The last year and electricity prices increased by 19.2% as electricity prices increased global economy He recovered from the COVID-19 pandemic, which led to its further spread around the world demand for energy.
Prices will continue rise After the UK Energy Authority allowed an increase of 54% in Gas and electricity bills for millions of families that took effect in April.
transportation fees also rising with The cost of Shooting gasoline and diesel fuel up average of 30.7% over The past yearwhich is the largest increase since then current Records started in January 1989, the Office for National Statistics said.
British inflation witnessed an unprecedented situation rise over The past yearfollowing a pattern similar to most other advanced economies such as countries It reopened after the coronavirus lockdowns, energy prices soared and pandemic supply chain difficulties persisted. Adding to the pressure is the repercussions of the war in Ukraine.
Russia invasion of Ukraine on February 24 push up energy prices higherAnd last UK office month for Budget Responsibility expects inflation to peak at -40year Average of 8.7% in The final quarter of 2022.
“It was a vision rising Costs caused by global pressure in Our supply chains and energy markets, which could be further exacerbated by Russian aggression in Sunak said.
“me know This is a worrying time for many families,” added The trapped counselor of Cabinet.
high rates
Elsewhere, US inflation has soared by a whopping 8.5% over The 12 months to March, the largest jump in Four decades, the US Department of Labor said on Tuesday.
sharp price nails cross board Forcing central banks around world To raise interest rates and slow down the economy growth recovery.
Financial markets sure of the bank of England (BoE) will raise interest rates to 1% from 0.75% on May 5 before it reaches 2%-2.25% by the end of 2022, although many economists expect it to be less aggressive.
European Central Bank governors will meet on Thursday to reflect record- high inflation in The Eurozone and the New Economic Uncertainty caused by war in Ukraine, with Policy makers are signaling that they are ready to take action sooner rather than later.
The US Federal Reserve (Fed) and the Bank of England have already announced they first rate Rises to combat price Pressures, leaving the European Central Bank on alert out of step.
The Bank of England forecasts the economic outlook growth It will slow down sharply over the classroom of This is amazing year Like cost of The pressures of living are escalating.
Samuel Tombs, UK Chief Economist with Macroeconomic pantheon, expected inflation will hit 8.8% in April after home utility bills skyrocket but then go down below The Bank of England’s 2% target in The second half of next year.
Thus, the Monetary Policy Committee (MPC) still has good Reasons for Under the pretext that another major tightening of monetary policy It won’t do much to rein in inflation in near term But he will run Unnecessary risk of Push it greatly below target 2% next year said the graves.
Wednesday’s data showed that the core CPI, which excludes prices for food, energy, alcohol and tobacco, rose to 5.7%. in March from 5.2% in February.
sectoral price Inflation – a measure older than ONS says Inaccurate, but commonly used in commercial contracts and set interest payments on linked to inflation government Bonds – rose to 9%, her highest Since 1991.
There were signs of More inflation pressures ahead as manufacturers raise prices by 11.9% over The 12 months to March, the largest jump Since September 2008.
raw manufacturers material Costs jumped 19.2%, the largest increase since records began in 1997.
Consumer prices in The United Kingdom rose faster pace in three decades in Walks, official The data showed, Wednesday, the accumulated pressure on The embattled Prime Minister Boris Johnson and his money ministerRishi Sunak, to relieve cost-ofLive pressure.
Fueled by high prices for Home energy and car fuel, UK inflation accelerates to 7% in The twelve months to March, the highest annual rate Since March 1992, the office for National Statistics (ONS) reported.
was reading up from 6.2% in February came in more Than expected by most economists.
the month-on-Month rise It was highest for the time of year Since I started ONS records in 1988.
families facing the biggest cost-ofLiving pressures since the mid-fifties, according to Britain budget Predictors, such as rising energy costs, rising Food prices and tax increases overshadow this rising wages.
‘worry time’
And inflation is even further bad news for The government very.
Police fined Johnson and Sonak on Tuesday for Attend birthday June 2020 party for Johnson at his home in Downing Street office in time of COVID-19 restrictions, leading for political calls opponents for They have to resign.
Sunak – Previously seen as a file leading Candidate to succeed Johnson prime minister – He saw his popularity decline after a budget statment in March, which public The referee did little to mitigate it cost-ofLife stresses and modern revelations of Tax evasion of his wife.
“me know This is a worrying time for Many families, which is why we are taking action to ease the burden by providing support worth About 22 billion pounds ($29 billion) in This is amazing financial year Sunak said after the data was published.
Jack Leslie senior Sunak will be under pressure to do so, said the economist at Resolutions Research more.
“The sheer size of This pressure is caused by inflation on Living standards make everything more noticeable how Little support Adviser introduced in His spring statement – decision “That will definitely have to be reconsidered before the fall budget,” Leslie said.
disposable family income, adjusted for Inflation is expected to drop By 2.2% this yearaccording to government independent budget advisor.
wide range price rise from vehicle Fuel for food and furniture, she was behind the increase.
Domestic natural gas prices jumped 28.3% over The last year and electricity prices increased by 19.2% as electricity prices increased global economy He recovered from the COVID-19 pandemic, which led to its further spread around the world demand for energy.
Prices will continue rise After the UK Energy Authority allowed an increase of 54% in Gas and electricity bills for millions of families that took effect in April.
transportation fees also rising with The cost of Shooting gasoline and diesel fuel up average of 30.7% over The past yearwhich is the largest increase since then current Records started in January 1989, the Office for National Statistics said.
British inflation witnessed an unprecedented situation rise over The past yearfollowing a pattern similar to most other advanced economies such as countries It reopened after the coronavirus lockdowns, energy prices soared and pandemic supply chain difficulties persisted. Adding to the pressure is the repercussions of the war in Ukraine.
Russia invasion of Ukraine on February 24 push up energy prices higherAnd last UK office month for Budget Responsibility expects inflation to peak at -40year Average of 8.7% in The final quarter of 2022.
“It was a vision rising Costs caused by global pressure in Our supply chains and energy markets, which could be further exacerbated by Russian aggression in Sunak said.
“me know This is a worrying time for many families,” added The trapped counselor of Cabinet.
high rates
Elsewhere, US inflation has soared by a whopping 8.5% over The 12 months to March, the largest jump in Four decades, the US Department of Labor said on Tuesday.
sharp price nails cross board Forcing central banks around world To raise interest rates and slow down the economy growth recovery.
Financial markets sure of the bank of England (BoE) will raise interest rates to 1% from 0.75% on May 5 before it reaches 2%-2.25% by the end of 2022, although many economists expect it to be less aggressive.
European Central Bank governors will meet on Thursday to reflect record- high inflation in The Eurozone and the New Economic Uncertainty caused by war in Ukraine, with Policy makers are signaling that they are ready to take action sooner rather than later.
The US Federal Reserve (Fed) and the Bank of England have already announced they first rate Rises to combat price Pressures, leaving the European Central Bank on alert out of step.
The Bank of England forecasts the economic outlook growth It will slow down sharply over the classroom of This is amazing year Like cost of The pressures of living are escalating.
Samuel Tombs, UK Chief Economist with Macroeconomic pantheon, expected inflation will hit 8.8% in April after home utility bills skyrocket but then go down below The Bank of England’s 2% target in The second half of next year.
Thus, the Monetary Policy Committee (MPC) still has good Reasons for Under the pretext that another major tightening of monetary policy It won’t do much to rein in inflation in near term But he will run Unnecessary risk of Push it greatly below target 2% next year said the graves.
Wednesday’s data showed that the core CPI, which excludes prices for food, energy, alcohol and tobacco, rose to 5.7%. in March from 5.2% in February.
sectoral price Inflation – a measure older than ONS says Inaccurate, but commonly used in commercial contracts and set interest payments on linked to inflation government Bonds – rose to 9%, her highest Since 1991.
There were signs of More inflation pressures ahead as manufacturers raise prices by 11.9% over The 12 months to March, the largest jump Since September 2008.
raw manufacturers material Costs jumped 19.2%, the largest increase since records began in 1997.