UK Inflation Hit 11.1 Percent in October, Highest in 41 Years

[Epoch-Times-Bot]

UK Inflation Hit 11.1 Percent in October, Highest in 41 Years

Gas and electricity prices pushed the UK’s inflation to 11.1 percent in October, the highest in 41 years, official figures show.
The Office for National Statistics’s (ONS) latest inflation figures, published on Wednesday, showed a 2 percent monthly increase in the Consumer Prices Index (CPI) in October.
The CPI inflation in the 12 months to October rose by 11.1 percent, up from 10.1 percent in September.
Inflation including occupiers’ housing costs rose by 9.6 percent in the 12 months to October.
The ONS said gas and electricity prices were the largest factors in pushing up both figures.
The average house energy bill was previously expected to jump by 80 percent in October. The government’s Energy Price Guarantee scheme absorbed around two-thirds of the rise, but households and businesses still saw an increase in their energy bills....

Source: UK Inflation Hit 11.1 Percent in October, Highest in 41 Years

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