Madeley recalls 1970s inflation as staggering graph show incredible peak in 100 years
Inflation 'swindles almost everybody' says Warren Buffett
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Richard Madeley shared his experience with the higher costs after it was announced inflation had risen to nine percent in April. The increase was the highest the UK recorded in over 40 years and comes as Britons face a spike in bills, fuel, and food prices. The Good Morning Britain presenter discussed the announcement as a staggering graphic detailed the trend of inflation in the UK from the 1980s until its latest peak last month.
The Office for National Statistics said consumer price inflation was probably last higher sometime around 1982.
Chancellor Rishi Sunak said countries around the world were being hit by high inflation and the jump in the British data for April reflected last month’s increase in regulated energy tariffs.
MORE TO FOLLOW…
Source: Read Full Article