UK CPI returned to double digits in September after a slight dip in August, matching July’s 40-year high as the cost-of-living crisis continued to hit households.
The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August, the Office for National Statistics said today (19 October). Food and non-alcoholic beverages made the largest upward contribution to the change in the annual inflation rate last month while falling pump prices for motor fuels helped offset figures. Rising food and drink prices, which hit their highest level since April 1980, rose by 14.6% over the last year, up from 13.1% in August. The largest upward effects came from bread and cereals, meat products, and milk, cheese and eggs ...
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