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UK inflation rate exceeds 10.1% in September

The inflation rate in the United Kingdom reached 10.1% in September, compared to the same month of the previous year, according to data released this Wednesday by the British National Statistics Office.

The rise in inflation was driven by increases in electricity and gas, as well as increases in food, non-alcoholic beverages and transportation, the National Statistics Office added.

The consumer price index registered a growth of 0.2 percentage points in September compared to August this year (0.9%), according to the France Press agency.

Together with the figure recorded in July this year, this is the highest rate of inflation in England in 40 years.

“I understand that families are struggling with rising prices and energy bills,” acknowledged the new finance minister, Jeremy Hunt. “This administration’s priority will be to help the most vulnerable, while providing broader economic stability and driving long-term growth that will help everyone.”

Jeremy Hunt is due to present a detailed medium-term fiscal program on October 31.

Source: TSF

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