In this regard, the agency said that the costs of food and non-alcoholic products increased by 8.7 percent in annual terms in May, the highest figure since March 2009, being also the trigger for year-on-year inflation last month.
It further added that the largest upward contributions to the annual inflation rate of the consumer price index came from housing and household services with 2.79 percent, distributed mainly in electricity, gas and other fuels.
According to the ONS, the UK's consumer prices index grew by 9.10% y-o-y in May 2022, up from 9% in the previous month and in line with economists' estimates. https://t.co/8mJxQCEcol#Forex News #Market News
"The significant rise in food prices and record gasoline prices were nonetheless held back somewhat in May by a smaller increase in clothing prices and a reduction in computer game prices," said ONS chief economist Grant Fitzner.