Cost of living increases again as inflation soars to 7%

Cost of living increases again as inflation soars to 7%

The Metro says Brits face a further squeeze on their household incomes after the rate of inflation rose to another 30-year high.

Prices increased by 7% in the 12 months to March, up from the previous 30-year record of 6.2% in February.

It adds to the cost of living crisis that has seen bills and taxes go up by unprecedented amounts – leading to the biggest fall in living standards in 70 years.

The Office for National Statistics (ONS) said inflation is now at its highest point since March 1992, when the figure stood at 7.1%.

https://metro.co.uk/2022/04/13/cost-of-living-crisis-rate-of-inflation-rises-to-7-16456626/

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