U.K. inflation jumped back over 10% in September, matching highest rate seen in 40 years
CBSN
London — British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with the country gripped by a cost-of-living crisis bedeviling the government. The Consumer Prices Index accelerated to 10.1 percent on an annual basis, up from 9.9 percent in August, the Office for National Statistics said in a statement.
The September rate matched the level in July and is the highest in 40 years as a result also of sky-high energy bills.
"I understand that families across the country are struggling with rising prices and higher energy bills," Britain's new finance minister Jeremy Hunt said in a separate statement. "This government will prioritize help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone."
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