UK Parliament: cost of living statistics
Statistics | 29/06/22
A Research briefing issued by the House of Commons last week highlights that:
- Consumer prices, as measured by the Consumer Prices Index (CPI), were 9.1% higher in May 2022 than a year before
- Bank of England forecasts that inflation will reach 11% in October this year
- In May 2022, the UK’s annual inflation rate of 9.1% was higher than in some comparable economies such as France (5.8%), Germany (8.7%) and the Eurozone average (8.1%).
Source: UK Parliament