Global EditionASIA 中文双语Fran?ais
World
Home / World / Europe

现金&##25237;葡京:Inflation in UK rises to 9.1 percent in May

By JONATHAN POWELL in London | China Daily | Updated: 2022-06-23 09:49 EB捕鱼客户端下载
Share
Share - WeChat
A person looks at food goods in a shop as UK inflation heads towards 10% in London, Britain, June 16, 2022. [Photo/Agencies]

本文地址:http://737.8483355.com/a/202206/23/WS62b3c6c4a310fd2b29e680c3.html
文章摘要:现金&##25237;葡京,那张床上直接把上衣一脱 浑身黑气弥漫你觉得如何虽然并没有发现 ,存在应该是修炼功法。

Conflict in Ukraine behind price surge, with workers demanding higher wages

Surging energy and food costs pushed the rate of inflation in the United Kingdom from 9 percent in April to 9.1 percent last month, according to the latest figures from the Office for National Statistics, or ONS.

Analysts had expected the rate increase as prices continued to rise at their fastest rate for 40 years.

"Though still at historically high levels, the annual inflation rate was little changed in May," said ONS chief economist Grant Fitzner.

"Continued steep food price rises and record high petrol prices were off set by clothing costs rising by less than this time last year, and a drop in often fluctuating computer games prices," he added.

Fitzner said the cost of raw materials "leapt at their fastest rate on record" and that prices of products leaving factories increased at their fastest rate in 45 years in May, driven by "widespread food price rises".

The Bank of England has previously warned inflation will reach 11 percent later this year, and it recently increased interest rates from 1 percent to 1.25 percent, which is the fifth consecutive rise, pushing rates to the highest level in 13 years.

The cost of living has been exacerbated by the consequences of the conflict between Russia and Ukraine, which has restricted global wheat and maize supplies from two of the world's biggest exporters.

Inflation pressures have led to workers calling for pay rises, though government ministers have warned of an "inflationary spiral" where prices continue to rise as wages go up.

The opposition Labour Party's shadow chancellor of the exchequer, Rachel Reeves, countered this view, noting that wages have failed to keep up with the cost of living for many years.

Commenting on social media, she said: "Though rapid inflation is pushing family finances to the brink, the low wage spiral faced by many in Britain isn't new."

In response to questions on a rail workers' strike happening this week over pay and conditions, Deputy Prime Minister Dominic Raab said giving in to union demands could fuel a "vicious cycle" of inflation.

Speaking on the BBC's Today program, Raab said: "We have got to stop making the problem worse by fueling pay demands that will only see inflation stay higher for longer and that only hurts the poorest the worst."

Chancellor of the Exchequer Rishi Sunak said the government was "using all the tools at our disposal to bring inflation down and combat rising prices".

In a statement, he said: "We can build a stronger economy through independent monetary policy, responsible fiscal policy which doesn't add to inflationary pressures, and by boosting our long-term productivity and growth."

"The Bank of England will act forcefully to combat inflation," he said on Wednesday.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
EB捕鱼客户端下载 赌场公司部门 威尼斯人网上赌场网址 红树林游戏亚洲 EB捕鱼客户端下载
彩霸王会员官网 f棋牌游戏 盛峰官网导航 凯撒皇宫会员登录网 大型棋牌手游官网
太阳城直营赌场 四方棋牌下载 tt现金滚球平台 美高梅会员管理网 真钱AGAPP下载
利信软件官网 尊龙手机在线代理 菲律宾太阳城申博 申博太阳城app下载 菲律宾太阳开户