Inflation in the UK rose back to double-digits in September, standing at 10.1% from August’s figure of 9.9%.
This is based on data from the Office of National Statistics. The prognosis from economists was that the inflation rate was set to rise due to the increasing prices of food commodities.
The inflation rise in September occured despite a drop in the price of Premium Motor Spirit (PMS), commonly called Petrol. Data from Forex.com detailed a drop of 4% over the course of the month
The UK Treasury would keep a close eye on the inflation figures from Septmeber as decisions are set to made for a plethora of crucial economic policies.
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