LONDON — The UK’s annual inflation rate rose to a forty-year high in April, the highest recorded by an industrialized nation since the start of a global bull run in last year.
Consumer prices in April were 9% higher than a year earlier, a jump from 7% in March and the highest inflation since March, the Office for National Statistics said. 1982. The pace is now the highest recorded by one of the Seven Rich Economies in about a year.
https://www.wsj.com/articles/u-k-inflation-hits-40-year-high-putting-government-on-defensive-11652866547 U.K. Inflation Hits 40-Year High, Putting Government on Defensive