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Daily Record
Daily Record
Politics
Peter Davidson

Inflation returns to 40-year high as fears over cost of living crisis grow

Inflation last month returned to the 40-year high it hit earlier this summer after food prices soared across the UK.

The Office for National Statistics (ONS) said Consumer Prices Index inflation reached 10.1 per cent in September, compared with 9.9 per cent in August. It was above the expectations of economists, who had predicted a figure of 10 per cent.

The figure matches the 40-year high inflation hit in July and remains well above the Government 's target of 2 per cent. The increase was driven by food prices, leaping by 14.5 per cent compared with the same month last year, representing the largest annual rise since 1980, according to data modelling.

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