UK inflation jumps to highest level in 10 years as energy bills soar - I Newz360

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Wednesday, November 17, 2021

UK inflation jumps to highest level in 10 years as energy bills soar

Increase to 4.2% in October from 3.1% also driven by higher prices in restaurants and hotels

UK inflation has jumped to the highest level in a decade, hitting a rate more than double the government’s target amid a severe cost of living squeeze from soaring household energy bills.

The Office for National Statistics said the consumer prices index measure of annual inflation rose to 4.2% in October, up from 3.1% in September – the highest rate since November 2011.

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from The Guardian https://ift.tt/3oySltL

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