Inflation Has Just Hit A New High At 11.1%. Here's What That Means For You

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The 41-year-record has been prompted by energy bills and more expensive food.

 

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UK inflation hits 41-year high of 11.1% from rising energy billsTHE UK’s rate of inflation hit a 41-year high of 11.1% in October driven by soaring gas and electricity prices. The data from the Office for National Statistics (ONS) reveals the annual rate has sh… What, exactly, is inflation?
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UK inflation jumps to 41-year high of 11.1% due to surging energy billsSoaring energy bills sent UK inflation to its highest level for 41 years in October as households felt the brunt of the cost of living crisis, according to official figures.
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UK inflation soars to highest levels in 41 years due to soaring energy billsOfficial figures from the Office for National Statistics (ONS) reveal that inflation jumped to a higher-than-expected 11.1 in October
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Rising energy and food bills tip inflation to highest level since 1981 at 11.1%The rate of inflation rises by much more than economists expected in October, piling pressure on the Bank of England to maintain the pace of interest rate rises to curb demand in the economy. Energy prices - war - this war is all about money laundering - Biggest scandal in our life time is about to get much worse - this exposes the money laundering that is the Ukrainian war - a real eye opener - pkelso ToriesOutNow pkelso In Germany it's 11.6%, Belgium 13.1% and the Netherlands 16.8% and in the EU as a whole it's 11%, so when put into context we're on a par with the rest of Europe and better off than some
Source: SkyNews - 🏆 35. / 67 Read more »