U.K. inflation soared to a 40-year high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis. Consumer prices rose by 2.5% month-on-month, fractionally below.
If it's true that miserly loves company, then American consumers grappling with the highest inflation rate in four decades can take solace in commiserating with their friends in the U.K., which is in.
UK Inflation May Have Peaked at 9% morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.