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.
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“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.”
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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.”
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Delays on M60 continue after man dies falling from bridge near Trafford Centre
Daisy Jackson
A man has tragically died after falling from a bridge on the M60, near the Trafford Centre.
Police closed the motorway in both directions at around 10am this morning as they responded to the concern for welfare.
The man was on Barton Bridge on the M60, but tragically fell and passed away at the scene.
The motorway was shut anti-clockwise between junction 12 for the M602 and junction 10, and on the clockwise carriageway between junction 9 and 11, with a huge diversion in place.
Although the motorway has reopened as the afternoon has worn on, disruption is ‘likely’ to continue for several hours yet.
National Highways is reporting up to two miles of congestion on the M60 around Barton Bridge.
In a statement released earlier today, a GMP spokesperson said: “Officers are currently responding to a concern for welfare on Barton Bridge on the M60, reported at around 9:40am today (Tuesday 31 March).
“The M60 remains closed in both directions while emergency services are in attendance. Significant delays are expected and drivers are advised to avoid the area where possible.”
GMP later added: “Earlier today, officers responded to a concern for welfare on Barton Bridge on the M60. The man sadly fell from the bridge and passed away at the scene.
“The road remains closed while enquiries continue. Please avoid the area and plan alternative routes where possible as disruption is likely to continue for the rest of the day.”
Molly-Mae Hague and adidas drop new collection inspired by matcha and iced lattes
Daisy Jackson
Today, adidas has finally released its hotly-anticipated parnership with Manchester-based influencer Molly-Mae Hague.
The social media superstar has collaborated with the sportswear giant for a limited-edition footwear collection inspired by matchas and iced lattes.
Molly-Mae and adidas Originals have just given fans a look at the shoes for the first time.
The star has curated a limited-edition collection of iconic Originals silhouettes – a Samba and a Superstar.
The first is the Samba Matcha shoes, a premium leather and suede shoe in a soft green colour, with double pink and white laces.
The other is a Superstar II Latte, which again features double laces in coffee-coloured hues, but in the iconic leather Superstar silhouette.
In behind-the-scenes footage of the design process on Molly-Mae’s Amazon Prime documentary series, Behind It All, she described them as ‘matcha cool girl in London’ shoes – and the vision has definitely come to life.
Molly-Mae said: “Seeing my creative vision come to life on two iconic adidas Originals silhouettes that have long been staples in my wardrobe is a true dream.
“Being so closely involved in the design process and creating products that feel fun, timeless, and an authentic extension of my own personal style has been the best experience.
“I am so excited to see how others style them in their own way.”
Steve Marks, VP Brand adidas UK commented: “At adidas, we partner with individuals who define style through authenticity and a deep-rooted connection to our brand.
“Molly-Mae’s relationship with adidas Originals has developed organically over time as a key advocate of the brand and this partnership represents a natural evolution – bringing her signature aesthetic to two of our most iconic silhouettes.”
The limited-edition adidas Originals x Molly-Mae collection drops in stores and online on 9 April, priced at £100 per pair.