UK inflation hits double digits, highest since 1982

UK Inflation Hits Double Digits as Food Prices Spike

The UK’s inflation in July reached 10.1 percent, hitting another 40-year high, official figures show. According to data published on Wednesday by the Office for National Statistics (ONS), Consumer Prices Index (CPI) in July jumped by 10.1 percent year-on-year, up from 9.4 percent in June. The measure had been expected to reach 9.8 percent, according to an average of analysts’ estimates calculated by Pantheon Macroeconomics. It is the biggest jum…

UK inflation hits 40-year high as food prices rocket

British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession. The Consumer Prices Index (CPI) accelerated to 10.1 per cent last month from 9.4 per cent in June, the Office for National Statistics said. The Bank of England warned earlier this month that UK inflation would climb to just above 13 per cent this year, whi…

UK inflation hits double figures for first time in 40 years

The United Kingdom’s inflation rate hit double figures for the first time in 40 years as the Consumer Prices Index (CPI) rose to 10.1% in July, the Office for National Statistics said Wednesday.

Inflation hits double figures as it soars to 40-year high

The biggest jump in the cost of living for decades has today been confirmed as inflation reaches a new 40-year high.

UK Inflation Reaches 10.1% on Soaring Food, Energy Costs

LONDON — Britain's inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fueled by the soaring cost of energy. The double-digit surge in consumer prices over a year ear

Inflation hits double digits and 'peak is yet to come'

Food price spike pushes the CPI measure to another 40-year high