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Wednesday 17 November 2021

UK inflation surges to 10-year high of 4.2% as fuel and energy prices soar – business live

UK inflation surges to 10-year high of 4.2% as fuel and energy prices soar – business live:

Rolling coverage of the latest economic and financial news


Grant Fitzner, chief economist at the ONS, says:

“Inflation rose steeply in October to its highest rate in nearly a decade.

“This 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.

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