May 19, 2022
As millions of homes in the UK face increased energy costs, prices are rising at their quickest rate in 40 years.
Inflation in the United Kingdom increased to 9% in the year to April, up from 7% in March.
Last month, millions of consumers saw their energy expenses rise by an extraordinary £700 per year.
The cost of living is rising due to higher gasoline and food prices caused by the Ukraine crisis, with inflation predicted to continue this year.
According to the Office for National Statistics, higher electricity and gas costs accounted for over three quarters of the increase in inflation in April.
Source: BBC News
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