Inflation increases to 6.2%
23 March 2022
The Office for National Statistics (ONS) has confirmed that the consumer prices index (CPI) has risen by 6.2% in the 12 months to February 2022. This is an increase on the previous 5.5% recorded up to January 2022.
It’s been confirmed that this is the highest 12-month CPI inflation rate in the National Statistic series, which commenced in January 1997.
The CPI looks at how much things cost now, as opposed to this time last year. It will impact the cost of food and services, which will directly affect family budgets.
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