US inflation hits four-decade high of 8.6%; UK families cut back on food in cost of living squeeze – business live

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Earlier:

Three quarters of British adults are worried about the cost of living crisis, with women, disabled people, poorer housholds, and those with young children most anxious about rising inflation.

The Office for National Statistics has reported that 77% of adults are either very or somewhat worried about the rising costs of living.

Those with a gross personal income of less than £10,000 per year had the highest percentage feeling very worried (31%), whereas those with a gross personal income of £50,000 or more had the lowest percentage feeling very worried (12%).

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Source: theguardian
US inflation hits four-decade high of 8.6%; UK families cut back on food in cost of living squeeze – business live