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UK companies raise prices at fastest rate since 1999

  • 📰 The Independent
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All 14 sectors tracked by Lloyds Bank put up prices in May.

When we look at the pace of growth, sectors that have been acutely affected by Covid-19 restrictions are now outpacing sectors that have been able to operate more freely during lockdown“While UK inflation jumped higher than expected in May and stronger demand saw more businesses pass on rising costs to their customers, it’s arguably still too soon to worry about inflation spiralling out of control,” he said.

 

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Tonight we're going to party like it's 1999. Inflation is at 2.1% yet, from two random examples: Haircut a local barber £16 (+60%) BA AmEx card fee £250 (+28%)

...Partying like it's...wait...what?!😆😎⚡️🕊️

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