This is once again the highest the figure has been for 40 years.
The Office for National Statistics (ONS) has confirmed today that UK inflation has risen to 9.4% amid the rising cost of living crisis, reports The Manc.
The data released by the ONS for June today is higher than the 9.3% previously-predicted by economists, and comes after the UK annual inflation rate first broke the 40-year record by hitting 9% back in April, before rising again to 9.1% in May - officially making it the ninth month in a row that the rate has risen.
The ONS said that June's inflation figure was in part due to a 42% year-on-year increase in petrol prices, and an increase of almost 10% in food prices, while overall transport costs were also said to be one of the main culprits.
On top of that, prices paid by factories for materials and energy were 24% higher in June than a year earlier, which is the biggest increase since records all the way back began in 1985, and prices charged by factories jumped by 16.5% in June too.
The ONS has confirmed that the UK inflation has risen to 9.4% amid the rising cost of living crisis / Credit: Aldi UK
The Bank of England is expecting a further acceleration beyond 11% in October.
This rise is expected when the energy price cap is to be adjusted yet again, and is predicted to surge towards average annual bills above £3,000.
Speaking on the latest rise of the inflation rate, Chancellor Nadhim Zahawi said: "Countries around the world are battling higher prices and I know how difficult that is for people right here in the UK, so we are working alongside the Bank of England to bear down on inflation.
"We’ve introduced £37 billion worth of help for households, including at least £1,200 for eight million of the most vulnerable families and lifting over two million more of the lowest paid out of paying personal tax."
The government's handling of the cost of living crisis as a whole has been heavily critiqued.
This is the the ninth month in a row that the inflation rate has risen / Credit: Aldi UK
In response to the Chancellor's comments on the rising inflation rate today, and referencing the government's handling of the cost of living crisis, Labour's Shadow Chancellor Rachel Reeves said: "The cost of living crisis is leaving families more worried every day, but all we get from the Tories is chaos, distraction and unfunded fantasy economics.
"Rising inflation may be pushing family finances to the brink, but the low wage spiral facing so many in Britain isn't new. It's the result of a decade of Tory mismanagement of our economy, meaning living standards and real wages have failed to grow.
"We need more than sticking plasters to get us back on course - we need a stronger, and more secure economy."
David Hockney, one of Britain's most influential and recognisable artists, has sadly died.
Born in Bradford in 1937, David Hockney built a career spanning more than six decades and became one of the most influential figures in contemporary art.
He was best known for his vibrant paintings, from the iconic swimming pools of Los Angeles to the sweeping landscapes of Yorkshire and Normandy.
And of course you can't forget the adorable paintings of his sausage dogs Stanley and Boodgie.
This morning on Friday 12 June, it was sadly announced that David Hockney had passed away - just one month prior of his 89th birthday.
Admired by critics and the public alike, Hockney's work was exhibited around the world and attracted record-breaking prices, cementing his place as one of the defining artists of the modern era.
Most recently, his incredibly immersive exhibition 'Bigger & Closer (not smaller & further away)' was a hit across the country, proving his work still resonated with the people of today.
His work at Salts Mill has remained in exhibit for years, including his special digital drawings that he did on his iPad.
His death marks the end of a truly extraordinary career, but his influence on British culture and contemporary art will endure for years to come.
A true West Yorkshire icon that will be missed by many from across the globe. RIP David.
Featured image - Publicity photo via Justin Sutcliffe (supplied)
UK News
Ryanair to be investigated for over charging parents to sit with their children
Emily Sergeant
Ryanair is being investigated by the Government’s leading regulator over charging parents to sit with their children.
Currently, Ryanair ’s terms and conditions require at least one parent to sit with their children aged two-11 when they fly, but this is done through what the airline calls a ‘mandatory family seat’, meaning the parent must pay in order for them to secure a seat next to their child.
This fee applies to both outbound and return flights, and typically costs around £8 each way – but for all other passengers, reserving a seat is optional.
And it’s this that the Competition and Markets Authority (CMA) has launched an investigation .
Ryanair is being investigated over charging parents to sit with their children / Credit: Gerrie van der Walt (via Unsplash)
CMA evidence suggests this approach to seating is used across the majority of Ryanair’s UK routes, and the watchdog understands that Ryanair is the only major airline flying out of the UK to impose this charge.
Other airlines offer to seat children with a parent or guardian without the need for a paid-for adult seat reservation, or they allocate seats together automatically during booking for free.
The CMA says it’s investigating, in particular, whether Ryanair’s approach to seat reservations may mean parents are being charged for the airline to meet its child safety and disability‑related obligations as set out under aviation rules.
The watchdog wants to determine whether or not this practice is in line with consumer law, and whether the airline’s contract terms are ‘unfair’ if they put customers at an unfair disadvantage.
Under consumer law, businesses must show a total price that includes all unavoidable charges, rather than adding extra charges separately or later in the process, as this ensures consumers can effectively compare prices and understand the true cost of what they are buying.
“Lots of families save up to afford a summer holiday and we know that extra charges can quickly bump up the price,” commented Hayley Fletcher, who is the Senior Director of Consumer Protection at the CMA.
“Our investigation will consider Ryanair’s approach to family seat reservations and how the cost is presented to consumers to determine whether they comply with consumer law.
“For the past year, we’ve told businesses to ensure their customers are shown the total price upfront – those who don’t face the very real possibility of action from the CMA.”
At present, the CMA is currently at the beginning of its investigation, and has reached no conclusions about whether Ryanair has broken the law.