UK consumer price inflation 10.1% in September – ONS
2022.10.19 02:27
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© Reuters. FILE PHOTO: A person looks into a shop at the Petticoat Lane Market, with the City of London financial district seen in the distance, in London, Britain, October 3, 2022. REUTERS/Henry Nicholls/File Photo
LONDON (Reuters) – Britain’s annual rate of consumer price inflation inched up to 10.1% in September, returning to a 40-year high hit in July, the Office for National Statistics said on Wednesday.
Economists polled by Reuters had forecast the inflation rate would rise to 10.0% from 9.9% in August.
The ONS said the main driver of inflation in September was rising food prices.
Britain has been hit hard by the surge in European prices caused by Russia’s invasion of Ukraine, which has added to post-COVID supply-chain bottlenecks and labour shortages, creating an intense squeeze on living standards.
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