UK inflation hits fresh new high of 10.1 pct in July

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UK inflation hits fresh new high of 10.1 pct in July

STORY: UK inflation hits fresh new high of 10.1 pct in July DATELINE: August 19, 2022 LENGTH: 0:04:58 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of England 2. various of streets in London, Edinburgh, Glasgow 3. SOUNDBITE 1 (English): ANJALI SANGWAN, London resident 4. SOUNDBITE 2 (English): LISA O'NEILL, Resident in Cheshire near Liverpool 5. SOUNDBITE 3 (English): PATRICK DIAMOND, Professor of public policy at Queen Mary University of London STORYLINE: Britain's Consumer Prices Index (CPI) surged by 10.1 percent in the 12 months to July, the highest level in 40 years, official statistics showed Wednesday. The latest inflation rate was a further increase from 9.4 percent in June and beat economists' forecast of 9.8 percent. Grant Fitzner, chief economist at the Office for National Statistics, said a wide range of price rises drove inflation up again in July. Food prices rose notably, particularly bakery products, dairy, meat, and vegetables, which was also reflected in higher take

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