Soaring Food and Energy Costs Drive UK Inflation to 10.1%

Wednesday 1444/1/19 - 2022/08/17
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London, August 17, 2022, SPA -- Britain's inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices, the Associated Press reported.
The Office for National Statistics said Wednesday that consumer prices inflation hit double digits, a jump from 9.4% in June and higher than analysts central forecast of 9.8%. The increase was largely due to rising prices for food and staples, it said.
--SPA
12:16 LOCAL TIME 09:16 GMT
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