Independent Mortgages Direct NE

Rising Food Cost Inflation Image

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.