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Soaring food prices push UK inflation back to 40-year high

2022-10-20 08:38:24       source:CGTN

October 19, 2022

The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high in July in a new blow for households grappling with the cost-of-living crisis.

The Office for National Statistics (ONS) said the consumer price index (CPI) increased by 10.1 percent in annual terms in September. A Reuters poll of economists had pointed to a reading of 10 percent, after a 9.9 percent rise in August.

Food and non-alcoholic beverages prices were the biggest driver of inflation in September as they rose by 14.5 percent, the biggest jump since April 1980 according to historical modeled estimates of the CPI.

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