UK inflation back at 40-year high as food prices soar | CNN Business

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Rising food and housing costs drove UK inflation back to a 40-year high of 10.1% in September

The annual rate of inflation rose to 10.1% in September, up from 9.9% in the 12 months to August, the Office for National Statistics said on Wednesday. That returns it to July’s recent high. Soaring food prices were the largest single contributor to the acceleration in inflation, the ONS said.

The return to double-digit inflation will be worrying for the Bank of England, which meets on November 3 to set interest rates. Governor Andrew Bailey has said that a “stronger response” may be needed to get a handle on price rises. Responding to the latest inflation numbers, UK Finance Minister Jeremy Hunt said the government “will prioritize help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone.

 

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She already said 'sorry' so please move on lizztruss

Obama did it.

All nations are being affected by inflation.

What is happening with CNN? The best journalists are being fired and now Jake Tapper in prime time( this guy likes Trump hooker) I wonder how he get promoted🤔🤔🤔It would be because he had the nerve to say that charges were brought against Pelosi ( drunk driving in California ).

Excellent! Keep putting other first before your citizens

This is impossible because the Conservative party runs Parliament and there’s no way they would allow inflation to ever happen. FAKE NEWS!😁

Brexit still having a catastrophic effect on the U.K. economy

Now I know our old economists are clueless and lack commonsense cos they thought its as about the tax cuts. It was always about oil price and Biden's inflation. Ask Uncle Biden to release more oil if he is truly an ally. How does he sleep at night ? UK supported his sanctions

Huh… So it’s happening other places as well?🤔

MAGACult will blame Biden for this too!

Why would Biden do this to them

😞🙏🏻

Thanks Joe biden

It’s almost like shutting the world down for a virus that was only dangerous for old, fat, or already very sick people and then paying people to stay home and keep their business closed with newly printed money was a bad idea? If only our leaders had taken Econ 101 at some point

Biden’s fault tho right?

Dam you Joe Biden!

Stop communism DO NOT VOTE DEMOCRAT

The same is here as well, but repugnant republicans want to blame President Biden and they don't have answers for correction!

DUE TO N.A.T.O., G7 & AMERICA .

LOL, it’s the other way around: “Inflation drove rising food and housing costs back to a 40-year high of 10.1% in September”

I can’t believe what Biden is doing to inflation in the UK. /s

According to Trumpers, it’s all Biden’s fault, right?

It must be BidenInflation . 🤪😂😂

So it's not the rescue plan that caused this in the UK?😂

But wait that conservative majority is facing the same as liberal America. Hmmm why isn't this news seanhannity TuckerCarlson explain it to your viewers

Those damn socialist Democrats.

It's at a 40+ year high here in the USA. Mortage Rates - Highest in over 16 years Food Prices - continue to rise Gasoline is going back up...... This is what the Democrats call winning. Remember to Vote

Europe feeling like Latam, we could advice them on many things

BrexitBrokeUK

just slightly ahead of US Inflation which is helped by soaring $ pushed by increasing US Fed Rates

The GOP is going to have everyone thinking it’s the POTUS ‘s fault!

And Biden's Dems have no plans to fix it! 🙄

You have Ukraine invasion to thank for that , Biden in America has created there own perfect storm , America has run out of oil and has been buying the rest of the worlds oil … thank him for that .

Liz to the rescue…

U.K. is fairing better than many countries

Surely this is Biden's fault.

😂 Liz Truss buried the Queen, the economy, the country, the people and what not. Now only inflation is alive.

it's the hake's fault

British like high inflation.

Right. Inflation is a global problem. It’s not a Biden problem. Republicans are allowing American families to suffer through this by voting against policies to help hardworking Americans!

We are still paying for the economic collapse in 2020... many people keep on forgetting that.

Cost of living crisis for so many people everywhere.

BIDEN DID IT

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