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Poorest UK households facing highest inflation rates as cost of living crisis deepens – business live

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Rolling coverage of the latest economic and financial news, as UK inflation hits its highest level since 1982, with food inflation highest since 2011

Resolution: Government must help poorer familiesIFS: lowest-income households face highest inflationCitizens Advice: Warning lights flashingFull story: UK inflation hits 40-year high of 9%Lifting energy cap drove up bills; petrol at record highsMore inflation coming as factories raise prices by 14%

UK factories have hiked their prices last month, as they passed on rising costs to customers, the ONS reports.

Output prices (what firms charge at the factory gate) were 14% higher than a year ago in April, which is the highest rate since July 2008.

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