UK inflation jumps to 41-year high of 11.1%

2022-November-25 15:40 By:

UK inflation jumps to 41-year high of 11.1%

Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding into recession, CNN reported on Nov. 16. The annual rate of inflation rose to 11.1% in October, up from 10.1% in the 12 months to September, the Office for National Statistics said last Wednesday.

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