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Daily Mirror
Daily Mirror
Business
Levi Winchester

6 items becoming unaffordable as inflation hits 9% - including fuel and drinks

The UK rate of inflation has soared to 9% - a new 40-year high - as the cost of living continues to spiral.

Inflation shot up again last month as households battled against rising energy bills as the new Ofgem price cap came into effect.

The 9% rate of inflation for the 12 months to April marks one of the highest one year increases in consumer prices since records began in 1989.

The Consumer Prices Index (CPI) measure of inflation had stood at 7% in March, according to data from the Office for National Statistics (ONS).

CPI shows how much the price of goods and services has risen or fallen over time.

For example, if something that cost £1 a year ago now costs £1.02 today, that rate of inflation would be 2%.

Inflation figures are published each month by the Office for National Statistics (ONS).

But what exactly is costing us more? We explain.

Six everyday things that have gone up in price

The ONS notes how the cost of energy was the largest price rise last month. It comes after the Ofgem price cap was hiked by hundreds of pounds on April 1.

For those on a variable energy bill tariff who pay by direct debit, the price cap has risen by £693 from £1,277 to £1,971.

Prepayment customers have been hit by a bigger jump, with their price cap going up by £708, from £1,309 to £2,017.

The highest prices on record for both petrol and diesel also contributed to rising inflation in April.

Here are the biggest price increases over the 12 months to April, according to the ONS:

  • Natural gas - 95.5%
  • Electricity - 53.5%
  • Motor fuels - 31.4%
  • Furniture and maintenance - 10.7%
  • Restaurants and hotels - 8%
  • Food and non-alcoholic drinks - 6.7%

ONS chief economist Grant Fitzner said of the latest data: "Inflation rose steeply in April, driven by the sharp climb in electricity and gas prices as the higher price cap came into effect.

"Around three-quarters of the increase in the annual rate this month came from utility bills."

He added: "Steep annual rises in the cost of metals, chemicals and crude oil also continued, along with higher prices for goods leaving factory gates.

"This was driven by increases for food products, transport equipment and metals, machinery and equipment."

Chancellor Rishi Sunak said: "Countries around the world are dealing with rising inflation.

"Today’s inflation numbers are driven by the energy price cap rise in April, which in turn is driven by higher global energy prices.

"We cannot protect people completely from these global challenges but are providing significant support where we can, and stand ready to take further action."

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