U.K. Inflation Reaches 10.1% as Government U-Turns Cloud Outlook

[dasari4kntr]

Where inflation goes next depends on a changing government plan to cap energy prices

The U.K.’s an­nual rate of in­fla­tion re­turned to dou­ble dig­its in Sep­tember, ce­ment­ing ex­pec­ta­tions of an­other rise in the Bank of Eng­land’s key in­ter­est rate early next month even as the medium-term out­look for prices has been clouded by changes in gov­ern­ment pol­icy.

The sharp rise in world en­ergy prices since Rus­sia’s in­va­sion of Ukraine has pushed the U.K.’s in­fla­tion rate to four-decade highs, and prompted the BOE to raise its key in­ter­est rate more ag­gres­sively than it had planned be­fore the war.

The Of­fice for Na­tional Sta­tistics said on Wednes­day that con­sumer prices were 10.1% higher than a year ear­lier, a faster rate of in­fla­tion than the 9.9% recorded in Au­gust and back to July’s level, which was the high­est in 40 years.

That was a higher rate of in­fla­tion than the 8.2% recorded in the U.S. over the 12 months through Sep­tember, but be­low the 10.9% rate recorded in Ger­many for the same pe­riod.

[Manishican]

More interest rates hikes 

[dasari4kntr]

34 minutes ago, Manishican said:

More interest rates hikes 

yup…ee roju market elaa teesukuntundo…

[veerigadu]

Siggu lekundaa inkaaa Tax cuts sesthunnaruuuuu.....Inkaaa UK bayatapadinatteee po....

Gas shortages and other political issues racchaaa ayyela unnayi. eeee winter tharavatha UK is a third world region anocchuuu inkaaa officially....

[Sucker]

Zelensky gaadu single hand tho Europe ni naakinchesadu antunna @Android_Halwa