British inflation jumped back above 10 percent in September on soaring food prices, official data showed on Wednesday, with the country gripped by a cost-of-living crisis bedevilling the government.
The Consumer Prices Index accelerated to 10.1 percent on an annual basis, up from 9.9 percent in August, the Office for National Statistics said in a statement. The September rate matched the level in July and is the highest in 40 years as a result also of sky-high energy bills.
“I understand that families across the country are struggling with rising prices and higher energy bills,” Britain’s new finance minister Jeremy Hunt said in a separate statement.
“This government will prioritise help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone.”
The government has been rocked by chaos in markets in the wake a budget that pledged tax cuts that would have been funded by state debt.—AFP