Great Britain
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Cost of Living - Let's Talk: Soaring food prices push UK inflation to 40-year high

"Where's your plan?": Keir Starmer challenges Tories over policies to address cost of living crisis

The UK's inflation rate reached 10.1%, the highest level in 40 years.

According to the National Bureau of Statistics, the main drivers of the rise are food prices and basic necessities such as toilet paper and toothbrushes.

According to ONS estimates, the consumer price index is the biggest rise in the cost of living since 1982, when he reached 10.4%.

He is also up significantly from 9.4% inflation in June.

Conservative Party leader rivals Liz Truss and Rishi Snak called for urgent action to address cost of living crisis However, number 10 has been ruled out, and arrangements between Boris Johnson and his two successors are for immediate resolution.

On Tuesday, Mr Sunak's attacking rivals and urging her to "come clean" about her living expenses plans. Mr Truss, meanwhile, has reiterated her plan to cut household taxes and said she rejects her "paste the plaster" approach.

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Inflation surges to 10.1%

Inflation in the UK has surged to a 40-year high, increasing pressure on households struggling with the cost of living crisis.

The Consumer Price Index (CPI) rose from 9.4% in June to 10.1% in the 12 months to July, maintaining its highest level since 1982. I'm here. National Statistics (ONS) said.

Inflation in July was higher than most economists had expected, at 9.8%, indicating more pressure on people's pockets.

Inflation is expected to peak at 13.3% later this year, pushing the UK into recession, according to the Bank of England (BoE).

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Welcome

Good morning, welcome to The Independent's report covered the cost of living crisis this morning as the ONS released its latest inflation rate, revealing the highest inflation rate in more than 40 years.

Follow our blog to find out more about the reaction to today's announcement and the growing pressure on families across the UK.