Britain’s Consumer Prices Index (CPI) rose by 9.0 per cent in the 12 months to April 2022, the highest level since 1982, the British Office for National Statistics (ONS) said Wednesday.
“Inflation rose steeply in April, driven by the sharp climb in electricity and gas prices as the higher price cap came into effect,” said Grant Fitzner, ONS chief economist, adding around three-quarters of the increase in the annual rate in April came from utility bills.
Fitzner said the ONS also published new modelled historical estimates Wednesday which show that CPI annual inflation was last higher 40 years ago.
The soaring energy bill follows Britain’s Office of Gas and Electricity Markets (Ofgem) cap increased on April 1.
