📈 Petrol, milk, chocolate and the everyday items soaring in price as inflation hits 40-year high Average pay has fallen by three per cent in the biggest drop since records began in 2001
As of June, the Consumer Prices Index was sitting at 9.4 per cent but today’s figures show it rose to 10.1 per cent in the 12 months to July, the Office for National Statistics said.has fallen by three per centHouseholds across the UK are struggling to pay for energy bills and food as prices continue to soar.This upward movement was three times larger than the second most significant contribution of 0.09 percentage points which came from recreation and culture.
with the largest upward contributions of 0.04 percentage points coming from bread and cereals, and from milk, cheese and eggs. Meat prices contributed by 0.03 percentage points, with a notable rise in the cost of cooked ham and bacon.Fuel prices have increased by 43.7 per cent in the year to July 2022,In June, we saw a record increase in petrol prices. Costs at forecourts did begin to fall during July but the average price of petrol and diesel was still 5.5 pence per litre higher than in June due to the gradual reduction.stood at 189.5 and 197.9 pence per litre, respectively, in July 2022, compared with 132.6 and 135.
“As the prices of food, petrol, and energy have risen this year, many families are facing hard decisions about how to keep up.
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