UK Parliament: cost of living statistics

Statistics | 29/06/22

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