Inflation hits 30-year high ahead of Sunak’s spring statement

Two women on busy blurred high street

Inflation shot up again in February as fuel, energy and food costs all surged ahead of chancellor Rishi Sunak’s spring spending statement later today.

Prices rose by 6.2% in February, marking the steepest year-on-year increase in 30 years, as well as a sharp uptick from the 5.5% rise recorded in January.

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