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Inflation in Britain Rises 10.1 Percent, Driven Higher by Food Prices

Economy And Jobs,Inflation,World,United Kingdom

From the Left

Consumer prices in Britain rose 10.1 percent in September from a year earlier, continuing their steep climb as the nation grapples with rapidly increasing food prices, high energy costs and political uncertainty.

The annual inflation rate returned to its fastest pace since 1982, matching the pace set in July. It rose from 9.9 percent in August. Inflation was expected to peak next month, at a slightly higher rate, but a reversal in the government’s policy to hold down household energy bills has made the future path of prices even more uncertain.

Prices were pushed higher by large increases in the cost of food and, to a lesser extent, hotel and restaurant bills, in September. Food prices rose 14.5 percent last month from a year earlier, the largest annual rise in more than 40 years, according to the Office for National Statistics. High energy costs were still contributing to inflation growing at its fastest pace in decades. But price increases are widespread across goods and services, so core inflation, which excludes food and energy prices, rose 6.5 percent from a year earlier, up from 6.3 percent in August.

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