“Inflation rose strongly in April, driven by a sharp rise in electricity and gas prices” due to an increase in the government cap on tariffs, said Grant Fitzner, chief economist at the ONS.
“Sharp year-on-year increases in the cost of metals, chemicals and crude oil also continued, as did higher prices for goods leaving factories,” he added.
Finance Minister Rishi Sunak defended in a statement that “countries around the world are facing rising inflation” and that April’s inflation in the UK comes from energy, driven by prices on world markets. .
“We cannot completely shield people from these global challenges, but we are providing significant support where we can, and we are willing to do more.”he added.
Criticism is mounting in the country for what many NGOs denounce as insufficient action by the government in the cost of living crisis, at a time when millions of Britons are forced to limit their meals or their heating.
On Monday, Bank of England Governor Andrew Bailey called the situation “apocalyptic” for food prices. and warned that inflation, which is expected to exceed 10% by the end of the year in the UK, could be higher if Ukraine fails to export its crops.
Source: Ambito
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