UK inflation rate rises to 10.1%
UK inflation rate rises to 10.1%. The inflation metric is in the year to September, according to the Office for National Statistics.
The figure is up from 9.9% in August. This means that products that were priced at £1 in August 2021 would cost almost £1.10 at the same time the following year.
Food prices continue to drive inflation rise
As with last month, food and non-alcoholic drinks made the largest upward contribution to the change in the annual inflation rate in September 2022, the Office for National Statistics says.
The continued fall in the price of petrol and diesel made the largest downward contribution to the change in the rates, it says.
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