RE: Billy16 Feb 2022 09:48
Eviking ..The UK inflation rate rose by 5.5% in the 12 months to January, up from 5.4% in December 2021, reaching a new 30-year high.
This was ahead of the 5.4% figure that economists expected, marking an acceleration for a four consecutive months, and adding to the current cost of living squeeze.
The latest figures were the highest reading since March 1992, when it stood at 7.1%.
On Wednesday, the Office for National Statistics (ONS) revealed that the index that excludes volatile items quickened to a record 4.4%, this was the highest CPI 12-month inflation rate in the National Statistic series, which began in January 1997.Electricity prices rose by 19.2% over the last year, with gas prices surging 28.3%, while average petrol prices were 145.1p per litre in January 2022, compared with 116.6p per litre a year ago.
That means motorists paid nearly 25% more to fill their tanks last month.....How long before the Sh.it hits the fan ??