Inflation in August was 9.9 percent, compared with the same month last year, but rising prices for food and non-alcoholic drinks have caused them to rise again, according to the Office for National Statistics.
Gasoline and diesel prices, on the other hand, have fallen in the past month.
The UK’s central bank indicated earlier this fall that the country was already in recession, and the International Monetary Fund (IMF) also predicts a sharp downturn in the UK economy.
However, unemployment fell to 3.5 percent, the lowest level in nearly 50 years.
For Prime Minister Liz Truss and her Conservative government, high inflation is a real headache. He has previously promised to increase pensions in line with inflation, which would hurt the British nation. No real improvement yet.
Truss had to drop his budget proposal, which contained massive loan-financed tax breaks for Britain’s wealthiest and businesses, and he is now under severe political pressure, also from powerful forces in his own party.
Newly appointed UK Finance Minister Jeremy Hunt emphasized in a commentary on the latest inflation figures that the government would prioritize the most vulnerable.
– I understand that families across the country are now struggling with rising prices and higher energy bills. This government will prioritize helping the most vulnerable, while ensuring long-term economic stability and growth, which will help everyone, he told BBC.
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