Poor households hit hard as UK inflation sticks at five-year high - business live

UK consumer price index stuck at 3.0% in October -- it hasn’t been higher since early 2012Breaking: UK inflation sticks at five-year highFood prices kept CPI at 3.0%Motor fuel and furniture prices fellChart: Why inflation is highEarlier:Boom! German economy grew by 0.8%Revenues down at ITVIntroduction: UK CPI inflation report 10.34am GMT The jump in food and drink prices are a particularly blow for the poorest in society (as everyone has to eat). So even if inflation peaks soon, the cost of living squeeze could continue for a while.“With monthly inflation...

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By: The Guardian - 5 days ago

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