November 05, 2024 20:06 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
UK inflation rises to reach highest level in decade: ONS
UK Inflation
Image: Pixabay

UK inflation rises to reach highest level in decade: ONS

| @indiablooms | 17 Nov 2021, 03:44 pm

London/UNI/Sputnik: UK inflation jumped to 4.2 per cent in the 12 months to October 2021, its highest level in nearly a decade, pushed by increasing fuel and energy prices, the Office for National Statistics (ONS) reported on Wednesday.

"The Consumer Prices Index (CPI) rose by 4.2 per cent in the 12 months to October 2021, up from 3.1 per cent in September," the ONS said.

According to the report, this is the highest 12-month inflation rate since November 2011, when the CPI annual inflation rate was 4.8 per cent.

Commenting on the latest data, ONS chief economist Grant Fitzner said that the jump "was driven by increased household energy bills due to the price cap hike, a rise in the cost of second-hand cars and fuel as well as higher prices in restaurants and hotels."

The expert added that costs of goods produced by factories and the price of raw materials also contributed "substantially" to the inflation spike, as they are now at their highest rates for at least 10 years.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos