Soaring food prices push UK inflation back to a 40-year high of 10.1%

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.8% in the 12 months to September 2022, up from 8.6% in August and returning to July’s recent high, according to the agency

The largest upward contributions to the annual CPIH inflation rate in September 2022 came from housing and household services (principally from electricity, gas, and other fuels, and owner occupiers’ housing costs), food and non-alcoholic beverages, and transport (principally motor fuels).

On a monthly basis, CPIH rose by 0.4% in September 2022, compared with a rise of 0.3% in September 2021.

The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August and returning to July’s recent high.

On a monthly basis, CPI rose by 0.5% in September 2022, compared with a rise of 0.3% in September 2021.

Rising food prices made the largest upward contribution to the change in both the CPIH and CPI annual inflation rates between August and September 2022.

The continued fall in the price of motor fuels made the largest, partially offsetting, downward contribution to the change in the rates. (ILKHA)