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Old 11-16-22, 08:04 AM   #383
Jimbuna
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The latest UK inflation figures show prices have risen 11.1% in the year to October, up from 10.1% the previous month.

Energy bills and the cost of food - especially basics like low-fat milk, pasta and butter - are the main things pushing up the cost of living.

The UK is seeing its highest inflation for 41 years, a figure not seen since October 1981

But prices are rising even faster for the poorest households - by more than 16% for the families who spend the least.

The rising cost of living has been driven partly by energy costs and the Ukraine war but also factors such as the cost of raw materials.

It all comes a day before Chancellor Jeremy Hunt announces tax changes and spending cuts in the Autumn statement, with warnings of a UK recession to come.
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