UK Inflation At 41-Year High

UK consumer price inflation reached a 41-year high in October driven by household energy and food prices, official data showed on Wednesday, ahead of the much-awaited budget announcement. Consumer prices grew 11.1 percent on a yearly basis, following September's 10.1 percent increase. The rate was the highest since October 1981 and well exceeded economists' forecast of 10.7 percent.

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