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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Why has inflation increased and what does it mean for households?

Inflation Bank of England ING PA Graphics James Smith
Inflation listed to 2.3% last month after an increase in energy prices (Jacob King/PA) - (PA Archive)

Inflation in the UK lifted to a six-month high of 2.3% in October, official data has revealed.

The Office for National Statistics said inflation rebounded from the three-year-low it recorded in September to surpass the 2% target rate set by the Bank of England and UK Government.

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