UK inflation
The annual UK Consumer Prices Index (CPI) growth rate just came in at 10.1% in September higher than 9.9% booked in August and slightly more than 10.0% expected by analysts. The index surged to its highest level since 1982, moving closer to the 13% peak predicted by the bank of england. Meanwhile, the core inflation gauge (excluding volatile food and energy items) rose to 6.5% year on year last month versus 6.3% seen in August, beating forecasts of 6.4%. The figure was driven by rising food prices and is partly offset by a drop in energy prices.
