British inflation jumped to a high price of 4.2 % for the first time in 10 years.
Inflation has risen 3.1 % in September, higher than analyst expectations.
Inflation has increased due to the cost of electricity, gas, and other fuel. It was gasoline price that driven inflation. The average gasoline price in October is 138.6 per lit, which has increased from 113.2 pencils per liter of the previous year.
“In April 2020, the upper limit of energy prices was reduced, and the contribution of electricity, gas, and other fuel CPIH headline rates was reduced to minus 0.20 percent points. However, this fall is April 2021. The price of gas and electricity has risen, “said ONS.
“The further price in October 2021 has increased in April 2021, and the inflation rate has increased by 18.8 % for electricity and 28.1 % for gas. These are these classes since early 2009. The best annual fee.
Comments on the increase in inflation, and the ONS Chief Economist states: This was promoted by increasing prices, increased costs for used cars and fuel, and increasing restaurants and hotels. “
“The cost of products produced in the factory and the prices of raw materials have increased significantly, and it has been the best price for at least 10 years.”
Danni Hewson in AJ Bell Financial Analyst commented on the latest numbers as follows: 4.2 % may be slightly exceeding the place where it was expected to fall in October, but the price paid by the driver, the demand for a used car Sky Rocket, and of course small gas wholesale costs Please see Supplier of closed business. “
“The upper limit of energy protecting consumers from these rising prices has contributed to the number of inflation this month because the temperature has dropped and the night has been closed.”
