Consumer Price Index (CPI) inflation hit 11.1% in October, remaining in double digit figures and up from 10.1% in September. Here we explain the biggest price rises
Inflation in the UK has hit a new 41-year high of 11.1% – with rising energy prices and the cost of food being the biggest contributors.
Consumer Price Index (CPI) inflation remained in double digit figures in the 12 months to October – and is up from 10.1% in September.
It means CPI is now at its highest level since October 1981.
The Office for National Statistics (ONS) has revealed the main driving forces behind the latest inflation increase.