Index Investing News
Sunday, May 24, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

UK inflation returns to 40-year high of 10.1%

by Index Investing News
October 19, 2022
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Higher food prices pushed UK inflation back to a 40-year high of 10.1 per cent in September, exceeding expectations of a smaller rise.

The Office for National Statistics said the consumer price index rose 0.5 per cent in the month compared with August, a larger increase over the same month than in 2021 when the index rose 0.3 per cent.

Darren Morgan, ONS director of economic statistics, said: “After last month’s small fall, headline inflation returned to its high seen earlier in the summer. The rise was driven by further increases across food, which saw its largest annual rise in over 40 years, while hotel prices also increased after falling this time last year”.

There had been a further small drop in petrol prices, offsetting the rise in other prices and downward contributions from airfares and second-hand car prices.

That return to double-digit inflation will be difficult for ministers and the Bank of England. It shows that price rises have not yet peaked, despite the energy price guarantee limiting gas and electricity bills this winter.

The September figure is also the number normally used for the uprating of benefits, including the state pension. Jeremy Hunt, the new chancellor, on Tuesday said he could not guarantee the government would stick to its “triple lock” commitment on pensions, to increase them by earnings, prices or 2.5 per cent, whichever is highest.

Responding to the figures on Wednesday morning, the chancellor gave no guarantee he would uprate pensions or benefits by the 10.1 per cent inflation figure. “This government will prioritise help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone,” Hunt said in a statement.



Source link

Tags: 40yearhighinflationReturns
ShareTweetShareShare
Previous Post

The Vice-Principal Who Built a 9-Unit Rental Portfolio

Next Post

Nestle India’s profit rises 8.3% to Rs 668 cr in Q2, tops estimates

Related Posts

Development by Consent – Econlib

Development by Consent – Econlib

by Index Investing News
May 23, 2026
0

March 2026 marked the 250th anniversary of the publication of An Inquiry into the Nature and Causes of the Wealth...

Transcript: Shelia Bair, former FDIC Chair

Transcript: Shelia Bair, former FDIC Chair

by Index Investing News
May 19, 2026
0

https://www.youtube.com/watch?v=Y-mjUH1lHg4https://www.youtube.com/watch?v=Y-mjUH1lHg4     The transcript from this week’s, MiB: Shelia Bair, former FDIC Chair, is below. You can stream and...

AI and Comparative Advantage – Econlib

AI and Comparative Advantage – Econlib

by Index Investing News
May 15, 2026
0

It was a fact universally acknowledged that a young man or woman in 1800s Lancashire could find gainful employment as...

Transcript: Howard Lindzon, Social Leverage

Transcript: Howard Lindzon, Social Leverage

by Index Investing News
May 11, 2026
0

https://www.youtube.com/watch?v=Q12PYx1e-eohttps://www.youtube.com/watch?v=Q12PYx1e-eo     The transcript from this week’s MiB Howard Lindzon, Social Leverage, is below. You can stream and download...

Is Economics Finally Becoming Trustworthy?

Is Economics Finally Becoming Trustworthy?

by Index Investing News
May 7, 2026
0

“There are two things you are better off not watching in the making: sausages and econometric estimates. This is a...

Next Post
Nestle India’s profit rises 8.3% to Rs 668 cr in Q2, tops estimates

Nestle India's profit rises 8.3% to Rs 668 cr in Q2, tops estimates

‘Vladimir Putin is safe in power for now, but risks lie ahead’

'Vladimir Putin is safe in power for now, but risks lie ahead'

RECOMMENDED

XRP Sustains Rally, SHIB & BTC Spark Market Buzz

XRP Sustains Rally, SHIB & BTC Spark Market Buzz

December 1, 2024
RWK ETF: Weighing Pros And Cons Of Revenue-Centered Strategy

RWK ETF: Weighing Pros And Cons Of Revenue-Centered Strategy

February 20, 2023
Investigation finds wolf killed a calf in Colorado

Investigation finds wolf killed a calf in Colorado

April 3, 2024
‘Fair Play’ Offers a Scathing Takedown of the Aggressively Insecure

‘Fair Play’ Offers a Scathing Takedown of the Aggressively Insecure

January 29, 2023
Recall: Pakistan: Warning issued against batch of widely-consumed syrup; recall initiated due to potential health risks

Recall: Pakistan: Warning issued against batch of widely-consumed syrup; recall initiated due to potential health risks

November 19, 2023
Simply Listed | 12829 Briarlake Drive #204

Simply Listed | 12829 Briarlake Drive #204

September 1, 2025
Investors Look Towards PMI Data for Crypto Market Direction By CoinEdition

Investors Look Towards PMI Data for Crypto Market Direction By CoinEdition

March 5, 2023
When Dissidents Become Enemies Of The State – FREEDOMBUNKER

When Dissidents Become Enemies Of The State – FREEDOMBUNKER

March 28, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In