UK consumer price inflation 10.1% in September

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Shoppers buy food in a supermarket in London. — AP
Shoppers buy food in a supermarket in London. — AP

Published: Wed 19 Oct 2022, 4:55 PM

Britain’s annual rate of consumer price inflation inched up to 10.1 per cent in September, returning to a 40-year high hit in July, the Office for National Statistics said on Wednesday.

By Reuters

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Economists polled by Reuters had forecast the inflation rate would rise to 10.0 per cent from 9.9 per cent in August.

The ONS said the main driver of inflation in September was rising food prices.

Britain has been hit hard by the surge in European natural gas prices caused by Russia’s invasion of Ukraine, which has added to post-Covid supply-chain bottlenecks and labour shortages, creating an intense squeeze on living standards. — Reuters

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