Official British data showed that inflation in October accelerated its highest level in more than 40 years, driven by the rise in local energy bills in light of the worsening cost of living crisis.
The National Statistics Office said in a statement on the eve of the government budget disclosure that the consumer price index reached 11. 1%in October, an increase of 10. 1 percent in September.
The British newspaper “The Guardian” reported that gasoline prices fell 2.
9 pence per liter in October, while diesel prices rose 2. 3 pence per liter.
The prices of food and non -alcoholic beverages increased by 16. 4 % in 12 months to October 2022, up from 14. 6 % in September 2022.
In addition to the amazing increase in consumer prices, producers ’input prices increased by 19. 2 % to October, a decrease from 20. 8 % last month, as raw materials decreased.
Source: “The Guardian”.
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