Inflation rises again to new 40-year high

The rate of inflation has soared in recent months, putting pressure on households. The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics has said. The rate of consumer prices index inflation rose from 9% in April to 9.1% in May. The increase matches what analysts had expected. The statisticians say that the price of goods leaving factories rose at their fastest rate in 45 years, driven by widespread food and energy price rises.

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