Price rises by supermarkets and energy giants have left Britain with the highest inflation rate in the Western world. The UK has suffered significant increases in the cost of food while many similar countries had falls. Energy price rises have also been higher here than in most other nations. Britain’s CPI inflation rate in January of 3.5% was two or three times higher than other Western European nations. In January a basket of the most commonly bought foods had increased in cost by 7.5% and a 30% rise in unleaded petrol prices in 12 months. Energy prices in the UK rose by 7.8% over the year compared to 1% in Germany.
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