UK Inflation Jumps to 9.4 Percent as Food and Fuel Prices Soar

The price of diesel and unleaded petrol fuels are displayed on a sign outside a BP petrol station in Wigan, northwest England, on June 8, 2022. Paul Ellis/AFP via Getty Images

Soaring food and fuel prices have pushed the UK’s inflation to 9.4 percent in June, the highest in 40 years, official data have revealed.

The inflation rate, as measured by the Consumer Prices Index (CPI), was up from 9.1 percent in May and exceeded the 9.3 percent expected by most economists.