UK inflation hits new 40-year high of 9.1 pct amid cost-of-living crisis

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UK inflation hits new 40-year high of 9.1 pct amid cost-of-living crisis

STORY: UK inflation hits new 40-year high of 9.1 pct amid cost-of-living crisis DATELINE: June 23, 2022 LENGTH: 00:02:03 LOCATION: London CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of street view in London 2. SOUNDBITE 1 (English): ZARA, Resident in London 3. SOUNDBITE 2 (English): CHANDA, Resident in London STORYLINE: Britain's Consumer Prices Index (CPI) grew by 9.1 percent in the 12 months to May 2022, up from 9 percent in April, the British Office for National Statistics (ONS) said Wednesday. The ONS said the largest contribution came from food and non-alcoholic beverages, compared with a year ago, among which the prices of bread, cereals and meat rose the most. The biggest downward contributors were the recreation and culture and clothing and footwear, said the ONS. "The price of goods leaving factories rose at their fastest rate in 45 years, driven by widespread food price rises," said ONS Chief Economist, Grant Fitzner. "The cost of raw materials leapt at their fastest rate on record," Fitzn

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