Independent Mortgages Direct NE

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Inflation Jumps To 41 Year High At 11.1%

UK inflation has jumped to a 41 year high in October, rising from 10.1% in September to 11.1% in October.

The spiralling cost of energy and food are the main items contributing to high inflation with Bank of England predicted to increase rates by a further 0.5% in an attempt to control the upward trend.

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Gary Howe
Qualified and experienced Mortgage Broker and Principle of IMDNE with over 30 years experience looking after retail mortgage customers. Authorised and Regulated by the Financial Conduct Authority (FCA Ref 301727) and a member of the Association of Mortgage Intermediaries (AMI).