The cost of living is rising again after inflation last month returned to the 40-year high it hit earlier this summer due to a surge in food prices.
The Office for National Statistics (ONS) said Consumer Prices Index inflation reached 10.1% in September, after falling slightly to 9.9% in August. The rise was above what economists had expected, with predictions of a 10% figure.
The new inflation rate matches the 40-year high inflation hit in July and is well above the Government’s target of 2%. The increase was driven largely by food prices, which increased by 14.5% compared with the same month last year, representing the largest annual rise for 40 years.
