UK inflation hits 30-year high of 7%

Inflation in Russia at its highest for 20 years

Annual inflation in Russia accelerated to 17.49% as of April 8, its highest since February 2002 and up from 16.70% a week earlier. The ruble sent prices soaring amid unparalleled Western sanctions.

Reuters.com reports that prices on nearly everything -from vegetables and sugar to clothes and smartphones- have risen sharply in recent weeks after Russia on Feb. 24 began what it calls "a special military operation" in Ukraine. The central bank warned on Wednesday that consumer inflation in Russia will keep on accelerating in annual terms due to base effects, saying that ruble volatility will lead to upside inflationary pressure. read more

British price inflation extremely high
British consumer price inflation leaped to its highest level in three decades last month, intensifying the pressure on embattled PM Johnson and his Finance Minister Rishi Sunak to ease the cost-of-living situation

The annual inflation rate climbed to 7.0% in March from 6.2% in February, its highest since March 1992 and by more than expected by most economists in a Reuters poll, official data showed on Wednesday.

The month-on-month rise was the highest for the time of year since the Office for National Statistics' records began in 1988. Broad-based price rises, ranging from vehicle fuel to food and furniture, were behind the increase.

Source: edition.cnn.com


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