Despite hopes that rate has peaked, there will still be pain to come, particularly for vulnerable households
- UK inflation jumps to 11.1% on back of energy and food price rises
- Business updates: poorest households hit hardest by inflation
Another unwanted record breached, with a fresh rise in inflation to the highest rate since October 1981. Despite the cap on energy bills put in place by the government last month, households across Britain are still facing eye-watering pressure in the worst cost of living emergency in generations.
Soaring gas and electricity costs were the culprit yet again as the consumer prices index rose by 11.1% in October, up from 10.1% a month earlier, even with the limit introduced by Liz Truss to cap average bills at £2,500 for a typical household.
Continue reading...from The Guardian https://ift.tt/kE97hu6
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