UK headline inflation hit 9% in April, marking its highest level in 40 years thanks in large part to the rising costs of gas and electricity which has driven the average bill close to £2,000 (US$2,484), according to the Office for National Statistics. Average petrol prices rose to a record 161.8p a litre in April 2022 from 125.5p a year earlier. Diesel was another factor behind the increase in the consumer prices index from 7% in February after the average cost at the pumps hit a record high of 176.1p a litre, leading to an average increase over the last...
