Annual rate returns to double digits in September as households face cost of living pressures
Business live updates: UK inflation back to double digits
Inflation in the UK has risen above 10% for the second time this year as households come under pressure from the sharpest annual rise in food prices for more than 40 years amid the cost of living crisis.
The Office for National Statistics said the consumer prices index rose to 10.1% in September, returning to double digits after a slight dip to 9.9% in August. The figure was last higher in 1982. City economists had forecast a slightly smaller rise to 10%.
Annual rate returns to double digits in September as households face cost of living pressuresBusiness live updates: UK inflation back to double digitsInflation in the UK has risen above 10% for the second time this year as households come under pressure from the sharpest annual rise in food prices for more than 40 years amid the cost of living crisis.The Office for National Statistics said the consumer prices index rose to 10.1% in September, returning to double digits after a slight dip to 9.9% in August. The figure was last higher in 1982. City economists had forecast a slightly smaller rise to 10%. Continue reading…
