Inflation in England reached the highest level in the last 31 years!
According to the British Statistics Office, the jump in the price of basic goods, rent, and energy has increased the inflation rate in this country to 7.1% in May compared to the previous month, which has reached its highest level in the last 31 years.
Al-Mayadeen news channel quoted the English “Telegraph” newspaper, the increase in rent and food rates has raised the point inflation in the UK to its highest level in the last 31 years.
According to the Telegraph, spot inflation reached 7.1 percent in May, which is unprecedented since the beginning of 1992, according to the British Statistics Office.
In this way, the price of food and consumer goods did not decrease during last May compared to the previous month, but contrary to the predictions of economic experts, this figure increased from 8.4% in April to 8.7%. has found.
According to the Telegraph, the price of food items has been increasing slightly and slowly, and in the clothing sector, the price jump has jumped from 6.8% to 7.1% in May compared to the previous month.
Earlier, Scotland’s “De Nationale” newspaper, in a report quoting the Organization for Economic Cooperation and Development, announced that the inflation index in Great Britain will be at the highest level of its rising average among developed countries.
According to this Scottish newspaper, the Organization for Economic Co-operation and Development previously reported that the United Kingdom will face difficulties in curbing recession and inflation and that the United Kingdom will experience the highest price inflation among the member countries of this organization in 2023, with the exception of Turkey and Argentina.
