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UPDATE 1-UK inflation hits new 41-year high of 11.1% in October - ONS

Reuters · 11/16/2022 02:09
UPDATE 1-UK inflation hits 41-year high of 11.1% in October - ONS

Adds details

- Britain's annual rate of consumer price inflation rose to its highest in 41 years at a higher-than-expected 11.1% in October, up from 10.1% in September, the Office for National Statistics said on Wednesday.

Economists polled by Reuters had forecast the inflation rate would rise to 10.7%.

Prices of food and -alcoholic beverages rose at the fastest rate since 1977, the ONS said.

(Reporting by Andy Bruce; Editing by Kate Holton)

((andy.bruce@thomsonreuters.com; +442075423484; Reuters Messaging: andy.bruce.thomsonreuters.com@reuters.))