UK inflation leapt to its highest level in three decades | 14 Abril 2022

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British consumer price inflation leapt to its highest level in three decades last month. The annual inflation rate climbed to 7.0% in March from 6.2% in February. Broad-based price rises, ranging from vehicle fuel to food and furniture, were behind the increase. Households are facing the biggest cost-of-living squeeze since records began in the 1950s, according to Britain's budget forecasters, and the inflation overshoot is further bad news for the government too. British inflation has seen an unprecedented rise over the past year, following a similar pattern to most other advanced economies as energy prices surged and pandemic supply-chain difficulties persisted.

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