UK inflation jumps back to 10.1 pct as food costs surge

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UK inflation jumps back to 10.1 pct as food costs surge

STORY: UK inflation jumps back to 10.1 pct as food costs surge DATELINE: Oct. 20, 2022 LENGTH: 00:01:34 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of London streets 2. various of petrol stations in London 3. various of a supermarket in London STORYLINE: The United Kingdom's (UK) Consumer Price Index (CPI) rose by 10.1 percent in the 12 months to September 2022, up from 9.9 percent in August and returning to July's recent high. On a monthly basis, CPI rose by 0.5 percent in September over August, said the Office for National Statistics (ONS) on Wednesday. "After last month's small fall, headline inflation returned to its high seen earlier in the summer," explained Darren Morgan, ONS director of economic statistics. "The rise was driven by further increases across food, which saw its largest annual rise in over 40 years, while hotel prices also increased after falling this time last year," he continued. Food and non-alcoholic beverage prices rose by 14.6 percent in the 12 months to September

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  • 2022/10/20 00:00:00
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