Official data show that the K inflation rate has jumped to the highest level in the past decade due to soaring energy and fuel prices pushing up the cost of living.
According to the Office of National Statistics (ONS), the consumer price index (CPI) inflation rate rose sharply from 3.1% in September to 4.2% last month, the highest level since December 2011.
After the price of natural gas and electricity soared, regulators gem The energy price ceiling was raised by 12% last month.
The price of the front yard has also been rising. Fuel shortages in late September and early October caused gasoline and diesel prices to soar as global oil costs continued to rise.
According to the National Bureau of Statistics, the average gasoline price in October reached the highest point since September 2012, at 138.6 pence per liter, compared with 113.2 pence per liter in the same period last year.
Grant Fitzner, chief economist at the National Bureau of Statistics of the United Kingdom, said: “inflation It rose sharply in October to the highest level in the past decade.
“This is due to rising price ceilings, rising costs of used cars and fuel, and rising restaurant and hotel prices, which have led to increased household energy bills.
“The cost of goods produced by the factory and the price of raw materials have also risen sharply, and are currently at the highest level in at least 10 years.”
The Bank of England warned earlier this month that inflation would soar to its highest level in 10 years.
The CPI is expected to reach 4.5% in November and around 5% in April next year, the highest level since 2011.
