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Daily Record
Daily Record
Lifestyle
Levi Winchester & Nicola Roy

How 10.1% inflation impacts your spending - plus full list of the biggest rises

Inflation has soared back up again, hitting 10.1% in September.

It's currently at a 40-year high, and is five times higher than the Bank of England target of 2%. This highlights how the ongoing cost of living crisis is putting pressure on families, and it's also the reason why interest rates have been hiked.

The consumer prices index (CPI) measure of inflation is used to explain how much the prices have increased over a period of time, the Mirror reports.

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