Inflation returns to 10% in UK, highest in 40 years

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Inflation is over 10% again in the UK…




(Boursier.com) — Inflation again exceeds 10% in the UK. According to data from the National Bureau of Statistics, consumer prices rose 10.1% year-on-year in September, after 9.9% the previous month, and against a consensus of 10%. Inflation is thus back at its highest level in 40 years, which it already reached in July. Inflation was mainly driven up by rising food prices (+14.8%).

“These increases were partially offset by the continued decline in petrol prices, airfares fell more than usual for this time of year and used car prices rose. also less sharply than the sharp increases seen last year,” Darren said. Morgan, Director of Economic Statistics at the ONS.

Well above the Bank of England’s 2% target, inflation is expected to remain at elevated levels for many more months across the channel, putting pressure on BoE members to raise key rates significantly next month. The Labor opposition continues to blame the government for this price rise. Labor MP Rachel Reeves said: “This morning’s inflation figures will bring more anxiety to families worried about the Tories’ lack of control over their own financial crisis.”


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