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Watch live: Rishi Sunak delivers his Spring statement to MPs as inflation hits a new 30-year high

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The annual rate of inflation has hit 6.2%, adding pressure on the chancellor to help households with soaring living costs in his spring statement.

The figure was larger than expected by economists, who had predicted a rate of 5.9%.

The largest contributors to growing inflation were increased energy bills and fuel prices, the ONS said. But economists warn of worst to come, with inflation expected to surge to well over 8% in coming months.

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Category
World
Tags
Rishi Sunak, Chancellor, Chancellor of the Exchequer
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