{"id":32069,"date":"2022-11-16T08:32:28","date_gmt":"2022-11-16T08:32:28","guid":{"rendered":"https:\/\/errante.com\/?p=32069"},"modified":"2022-11-16T08:32:55","modified_gmt":"2022-11-16T08:32:55","slug":"uk-inflation-rises-to-11-1-in-40-year-high","status":"publish","type":"post","link":"https:\/\/errante.com\/zh-hans\/newsroom\/uk-inflation-rises-to-11-1-in-40-year-high\/","title":{"rendered":"UK Inflation Rises to 11.1% in 40-Year-High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-uk-inflation-rises-to-11-1-in-40-year-high\">UK Inflation Rises to 11.1% in 40-Year-High<\/h2>\n\n\n\n<p>UK inflation has risen again as the cost-of-living crisis deepens &#8211; heaping more pressure on struggling households. The Consumer Price Index (CPI) rate of inflation hit 11.1% in the 12 months to October &#8211; up from the previous figure of 10.1% in September.<\/p>\n\n\n\n<p>It&#8217;s the highest since October 1981. Rising energy prices and the soaring cost of food were two of the biggest contributors.<\/p>\n\n\n\n<p>Energy bills soared for households last month when the new Energy Price Guarantee kicked in from October 1.<\/p>\n\n\n\n<p>On Wednesday morning the Chancellor of the Exchequer, Jeremy Hunt, blamed the impact of the pandemic and Vladimir Putin\u2019s war in Ukraine for the spike in prices as he warned that &#8216;tough&#8217; decisions on tax and spending would be needed in Thursday&#8217;s autumn statement. He said: &#8220;The aftershock of Covid and Putin\u2019s invasion of Ukraine is driving up inflation in the UK and around the world.<\/p>\n\n\n\n<p>The Bank of England had warned that inflation would have surged above 13% last month without the energy help &#8211; which would&#8217;ve seen households hit with typical bills of \u00a33,549. Meanwhile, food and non-alcoholic prices rose by a staggering 16.4% on the year to October, up from 14.6% in September.<\/p>\n\n\n\n<p>Inflation is a growing headache for policymakers across Europe, which is grappling with an energy crisis following Russia\u2019s invasion of Ukraine. Soaring energy costs and rising food prices drove the eurozone\u2019s annual rate of inflation to 9.9% in September, up from 9.1% in August, <a href=\"https:\/\/livse.com\/euro-area-annual-inflation-jumps-to-9-9-in-september-cost-of-bread-skyrockets-protests-erupt\/#:~:text=According%20to%20the%20European%20Union%E2%80%99s%20statistics%20office%20Eurostat,eurozone%20is%20%E2%80%9Cat%20risk%20of%20a%20financial%20meltdown.%E2%80%9D\" target=\"_blank\" rel=\"noreferrer noopener\">Eurostat<\/a> said Wednesday.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-wednesday-16th-november-high-impact-events\"><strong>Wednesday 16th November &#8211; High Impact Events<\/strong><\/h3>\n\n\n\n<p>Times below are GMT+2<\/p>\n\n\n\n<ul>\n<li><strong>Tentative \u2013 Europe \u2013 ECB Financial Stability Review<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Potential instruments to Trade: EUR Crosses.<\/p>\n\n\n\n<ul>\n<li><strong>15.30 \u2013 Canada \u2013 CPI m\/m, Core Retail Sales m\/m<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Potential instruments to Trade: CAD Crosses.<\/p>\n\n\n\n<ul>\n<li><strong>16.15 \u2013 UK \u2013 Monetary Policy Report Hearings<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Potential instruments to Trade: GBP Crosses.<\/p>\n\n\n\n<ul>\n<li><strong>17.00 \u2013 Europe \u2013 ECB President Lagarde Speaks<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Potential instruments to Trade: EUR Crosses.<\/p>\n\n\n\n<ul>\n<li><strong>Day 2 \u2013 G20 Meetings<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Potential instruments to Trade: All Crosses.<\/p>\n\n\n\n<p>If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email&nbsp;<a href=\"mailto:support@errante.com\" target=\"_blank\" rel=\"noreferrer noopener\">support@errante.com<\/a>.<\/p>\n\n\n\n<p>We are&nbsp;<strong>Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n<p>Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [<a href=\"https:\/\/fsaseychelles.sc\/search-business\/errante-securities-seychelles-limited\" target=\"_blank\" rel=\"noreferrer noopener\">SD038<\/a>].<\/p>\n\n\n\n<p>To find out more about Errante, visit&nbsp;<a href=\"https:\/\/errante.com\/zh-hans\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/errante.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK Inflation Rises to 11.1% in 40-Year-High UK inflatio [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":32124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[69,439],"tags":[17819,17820,3542,84,7346,1706,4287,1430,2232,86,1584,2047,17821,10270,17822,11348,17823],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Inflation Rises to 11.1% in 40-Year-High | Errante<\/title>\n<meta name=\"description\" content=\"UK Inflation Rises to 11.1% in 40-Year-High - Inflation is a growing headache for policymakers across Europe. 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