The Office for National Statistics (ONS) has confirmed today that UK inflation has hit double figures for the first time in 40-years as the rising cost of living crisis worsens.
As the rising cost of living crisis continues to make its impact felt across the country, it has been revealed this morning that the Consumer Prices Index (CPI) rose to 10.1% in the 12 months to July – which is up from 9.4% in June.
The figure remains at the highest level since February 1982, and it is also higher than the 9.8% figure which was expected by most economists.
This also makes in the 10 month in a row that the figure has risen.
The ONS said that July’s inflation figure was largely driven by increased food costs, with annual inflation for these items now running at 12.7% – up from 9.8% in June – and it was fuelled largely by price rises for basics such as bread, milk, cheese, and eggs.
UK inflation has hit double figures of 10.1% for the first time in 40-years / Credit: Aldi UK
“A wide range of price rises drove inflation up again this month,” said Grant Fitzner – Chief Economist at the ONS.
ADVERTISEMENT
“Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices. Price rises in other staple items, such as pet food, toilet rolls, toothbrushes and deodorants also pushed up inflation in July.
“Driven by higher demand, the price for package holidays rose, after falling at the same time last year, while air fares also increased.
“The cost of both raw materials and goods leaving factories continued to rise, driven by the price of metals and food respectively.”
ADVERTISEMENT
Official data also showed that Retail Price Index (RPI) inflation reached 12.3% in July, while the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.8% in July, which is up from 8.2%.
— Office for National Statistics (ONS) (@ONS) August 17, 2022
The prices of materials and fuels purchased by UK manufacturers rose 22.6% in the year to July 2022.
This is down from the record high of 24.1% in the year to June 2022.
— Office for National Statistics (ONS) (@ONS) August 17, 2022
“I understand that times are tough, and people are worried about increases in prices that countries around the world are facing,” Chancellor Nadhim Zahawi said in response to the hike in inflation.
“Although there are no easy solutions, we are helping where we can through a £37 billion support package, with further payments for those on the lowest incomes, pensioners and the disabled, and £400 off energy bills for everyone in the coming months.
“Getting inflation under control is my top priority, and we are taking action through strong, independent monetary policy, responsible tax and spending decisions, and reforms to boost productivity and growth.”
Featured Image –
News
Council approves £1 billion budget to ‘improve Manchester’ after 14 years of Government funding cuts
Emily Sergeant
Manchester City Council has officially approved a £1 billion budget for 2026/27.
After 14 years of funding cuts and ‘unfunded pressures’ from 2010 to 2024, which saw Manchester among the hardest hit places in the country, Manchester City Council says that its financial position has improved this year due to ‘fairer funding’ from the current Government which overall reflects the city’s needs.
For the first time this year, the Council’s revenue budget exceeds £1 billion (£1.045 billion, to be exact.)
This leaves the Council able to invest even more in supporting residents’ priorities, and ultimately begin to build back some of things which were previously affected by austerity.
As well as continuing to support those who are considered to be most in-need in the city, this current 2026/27 budget also makes a series of investments in measures – which the Council says will make ‘visible improvements’ across the city.
Some of these measures include £5.13m towards ‘ significantly enhancing’ street cleaning services across the city, more than £1.7m to boost the maintenance of public spaces, especially parks and green spaces, and almost £1m to further crack down on flytipping and littering.
This year, there’ll also be one-off investments of £1.1m improve road, pavement, and path surfaces, and £500,000 to increase pavement and footpath gritting in local centres.
The Council has approved a £1 billion budget to ‘improve Manchester’ / Credit: Chris Curry (via Unsplash) | Manchester City Council
Elsewhere, capital funding will continue to be used to build the Council, social, and ‘genuinely affordable’ homes that the city needs, as well as invest in local high streets and district centres across the city.
“Manchester is an incredible city which we are all proud to call home,” commented Cllr Bev Craig, who is the leader of Manchester City Council.
“We’re seeing record levels of investment in our neighbourhoods and communities, more council and social homes built than for decades and stronger economic growth than anywhere in the UK.
“But we believe that Manchester can be even better, and that’s what we’re determined that this budget will help achieve – a city where everyone can have a good home, a good job and a good life in an well cared for, invested-in neighbourhood.
“That’s exactly where the extra funding available to us in this budget is being focused.”
Featured Image – Manchester City Council
News
Oasis announce surprise exclusive song on new War Child album HELP(2) releasing this week
Emily Sergeant
Surprise… we’re getting a new Oasis song on Friday.
Well, not actually ‘new’ – but we had to get your attention somehow, and hopefully we succeeded. That’s because, if you didn’t already know, this Friday (6 March) is release day for the new HELP(2)album in aid of War Child, and even before this announcement, it was already gearing up to be one of the most anticipated projects of the year.
But now, it’s got even better, as War Child Records has today announced that Oasis will feature on the album with a very-special inclusion – a stand-alone 7” single.
Fans of the iconic Manchester band will be able to listen to the track enclosed within the gatefold of the vinyl edition and as a hidden track on the double CD version, as well as it also being available to stream from this Friday too.
The band have generously contributed an exclusive live version of the fan favourite song, ‘Acquiesce (Live from Wembley Stadium, 28 September ‘25)’, to the album.
This marks the first physical release of a live recording from Oasis’ record-breaking 2025 world tour, with the recording taken from the final night of their seven-show run at Wembley Stadium.
In case you don’t remember, Oasis actually previously featured on the original HELP album all the way back in 1995, opening the record with ‘Fade Away’, and Noel Gallagher also contributed as one third of The Smokin’ Mojo Filters, alongside Paul McCartney and Paul Weller, so this is actually the band’s return nearly three decades on.
Oasis’ return proves their enduring support for War Child’s mission to ‘protect, educate, and stand up for’ the rights of children affected by conflict.
HELP(2) is being released on Friday 6 March / Credit: Supplied
‘Acquiesce – Live’ follows other recent releases taken from the HELP(2) record, including ‘Begging For Change’ by Pulp, ‘Opening Night’ by Arctic Monkeys, ‘Flags’ by Damon Albarn, Grian Chatten & Kae Tempest, and ‘Let’s Do It Again!’ by The Last Dinner Party.
Other big-name artist set to feature on the album are Fontaines D.C, Olivia Rodrigo, Depeche Mode, Foals, Wet Leg, Ezra Collective, and countless more.
Emily Sergeant -
17th August 2022 
