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UK inflation surges to 40-year high of 9%, as food and energy prices spiral Updated: 2022-05-19 05:35:51 KST

Official figures released on Wednesday, show that U.K. inflation has soared to a 40-year high of 9% in April, as food and energy prices have skyrocketed.
This comes as month-on-month consumer prices rose by 2.5-percent, while a Reuters economist poll has projected a 9.1-percent annual increase.
The rise beats the previous 8.4-percent annual rise record from 1992.
From April 1st, the U.K.'s energy regulator increased the household energy price cap by 54-percent, amid a surge in wholesale energy prices.
This, in addition to the Bank of England hiking interest rates from 0.1-percent to 1-percent.
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