UK inflation jumps to 41-year high of 11.1% | CNN Business

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Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding into recession

The annual rate of inflation rose to 11.1% in October, up from 10.1% in the 12 months to September, the Office for National Statistics said on Wednesday. The sharp increase in living costs was caused by rising gas and electricity prices, despite a government energy price guarantee, which caps energy bills at £2,500 for the typical household. Food price inflation rose to 16.4%.

The prices of goods and services bought or consumed by UK households increased by 2% between September and October, according to the ONS. That means that in the space of one month, prices rose by as much as they did in the entire year to July 2021. The acceleration in inflation even as the economy weakens presents a conundrum for policymakers because Britain’s economy is expected to suffer as the Bank of England keeps raises borrowing costs to cap rising prices.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

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ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

This is Biden’s fault too, right?

Bidens fault?

Yep, the Conservatives have screwed us.

Wake up. It’s coming.

😲

We’re fucked

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