Five charts that explain the high cost of living in the UK

On hearing that new Prime Minister Andy Burnham will be embarking on a monthlong “cost of living” tour across the United Kingdom, one user of the social media chat platform Reddit commented: “Housing is too expensive, energy is too expensive, food is too expensive etc. There you go, Andy, I’ve saved you some fuel (very expensive).”Like much of the world, the UK is grappling with the rising cost of living. The Bank of England expects inflation to climb further in the second half of the year as the fallout from the United States-Israel war on Iran pushes up energy prices and household bills.How high is inflation in the UK? Who is hardest hit? And how does it compare with other countries?How high is inflation in the UK?The annual rate of inflation in June was 2.8 percent, down from 3 percent in May. That means prices are still rising, but they are going up a bit more slowly than they were earlier in the year. In practical terms, if something cost 100 pounds (about $135) in June last year, that same item now costs 102.80 pounds ($138.65).Before the US and Israel attacked Iran on February 28, the Bank of England had forecast that inflation as measured by the Consumer Prices Index (CPI) ...