In October, UK Inflation reaches 11.1%.

Inflation is a common problem that is facing many countries in the world. The United Kingdom the most powerful economy in the world also facing this problem. The UK Inflation in October rises to the highest level of 11.1% which is a very high percentage.

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(Infosette New) LONDON: Official data indicated Wednesday that UK inflation advanced to the fastest level in more than 40 years in October, pushed by surging home energy prices in a deteriorating cost-of-living problem.

The Consumer Prices Index rose to 11.1 percent on an annual basis, up from 10.1 percent in September, according to the Office for National Statistics in a statement issued on the eve of a critical government budget.

UK Inflation
In October, UK Inflation reaches 11.1%.

People enjoying Blackpool’s annual light show are unlikely to be thinking about the government budget on Thursday.

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However, the predicted spending cuts and tax rises could have far-reaching effects on the town’s citizens and businesses, which is classified as England’s most impoverished.

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Finance Minister Jeremy Hunt is under pressure to cut inflation, which increased to 11.1 percent in October, a 41-year high, straining wages that are already being squeezed by rising energy prices.

The Trussell Trust organization, which operates over 1,200 food banks across the United Kingdom, has stated that the cost-of-living issue has strained emergency food relief centers to “breaking point.”

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It was revealed last week that 320,000 people were compelled to use food banks for the first time in the six months leading up to September.

Nearly 1.3 million food boxes were distributed in its network, with more than half going to youngsters, a third more than in the same period the previous year.

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