‘It’s getting worse’: Inflation rises to eye-watering 9.4%

The Consumer Prices Index (CPI) rose by 9.4 per cent in the 12 months to June 2022.

That’s an increase from 9.1 per cent in May.

The annual Retail Price Index (RPI) is also up and currently stands at 11.8 per cent.

Commenting on the figures, Chieu Cao, CEO of Mintago, said: “With inflation soaring ever higher, it is clear the financial burden faced by Britons is set to remain for some time.

“And with recent research revealing that with over two-thirds (68 per cent) of respondents haven’t received a pay rise in line with inflation, the situation is becoming desperate.

“Something needs to change.”

Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE). He has contributed articles to VICE, Huffington Post and Independent and is a published author. Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.