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Manchester Evening News
Manchester Evening News
National
Damon Wilkinson

UK inflation rises to 11.1% in 40-year-high - what it means for you

UK inflation has risen again as the cost of living crisis deepens - heaping more pressure on struggling households. The Consumer Price Index (CPI) rate of inflation hit 11.1% in the 12 months to October - up from the previous figure of 10.1% in September.

It's the highest since October 1981. Rising energy prices and the soaring cost of food were two of the biggest contributors.

Energy bills soared for households last month when the new Energy Price Guarantee kicked in from October 1. What is actually capped is the unit rates and standing charges - so your energy bill can be higher or lower than this £2,500 figure.

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