Posted on 11/16/2022 5:19:00 AM PST by Oldeconomybuyer
There has been a higher than expected leap in the rate of inflation, to a 41-year high of 11.1% last month, led by the latest rise in energy bills.
The Office for National Statistics (ONS) revealed the increase, from 10.1% in September, as the cost of light and heating for homes rose further despite help from the government's energy price guarantee that limits wholesale charges for gas and power.
Food was cited as the other major element adding inflationary pressure during October, rising at the fastest annual pace since 1977.
The ONS estimated that the 11.1% reading for the consumer prices index (CPI) measure of inflation was the highest since October 1981.
(Excerpt) Read more at news.sky.com ...
It’s all good.
Nothing to see here.
Baghdad Bob meme please.
UK getting hit hard on energy costs.
Awful “ strange” the Western country that is most involved in bringing Russia down is getting clobbered, historic inflation, energy crisis AND now their GDP crashed into negative territory…..to the war mongers, careful whom you choose to support, supporting war will lead to destruction.
It’s really like 14 percent here.
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