UK inflation hits 41-year high ...News

Soaring food, transport and energy prices keep squeezing households and businesses British consumer prices saw a surge of 11.1% in October, smashing a 41-year high and exceeding analysts’ projections as the nation continued to struggle with soaring food, transport and energy costs. The figures, revealed by the Office for National Statistics (ONS) on Wednesday, mark an increase from the 40-year high of 10.1% recorded in September and top the 10.7% forecast by economists polled earlier by Reuters. The annual increase in the consumer price index (CPI) is attributed to surging prices for electricity, gas and other fue

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