U.K. Inflation Accelerated Again in September, Hitting 10.1% By
2022-10-19 14:55:04

By Geoffrey Smith 

-- The U.K.'s rate crept back above 10% in September, as food prices in particular continued to squeeze household incomes and keep the pressure on Prime Minister Liz Truss and the Bank of England.

The rose 0.5% from August, while consumer prices rose 0.6%, both numbers a little higher than expected. That drove the headline rate up to 10.1% from 9.9%, while the rate rose to 6.5% from 6.3%.

The numbers contained a crumb of comfort in that , which translate into consumer inflation with a modest time lag, slowed from August, although by less than expected. Factory gate prices rose only 0.2%, bringing the annual down to 15.9% from 16.4%.

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