UK inflation jumps again to 11.1% on back of energy price rises

Annual rate rises further in October after consumers face bigger gas and electricity bills despite cap

The UK’s annual inflation rate hit a 41-year-high of 11.1% last month even as help was provided to households by the introduction of the government’s energy price guarantee.

Dearer food also contributed to a 2% jump in prices in October alone, helping to push the increase in the cost of living over the previous 12 months to a level not seen since October 1981.

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​Annual rate rises further in October after consumers face bigger gas and electricity bills despite capThe UK’s annual inflation rate hit a 41-year-high of 11.1% last month even as help was provided to households by the introduction of the government’s energy price guarantee.Dearer food also contributed to a 2% jump in prices in October alone, helping to push the increase in the cost of living over the previous 12 months to a level not seen since October 1981. Continue reading…