Uk Inflation Hits New 40 Year High At 10.1
Dominic Lipinski | Pa Images | Getty Images LONDON — UK inflation rose to another 40-year high in July as spiraling food and energy prices continued to add to the country’s historic pressure on households. The consumer price index rose 10.1 percent annually, according to estimates released by the Office for National Statistics on Wednesday, above the Reuters consensus forecast of 9.8 percent from 9.4 percent in June. Core inflation, which excludes energy, food, alcohol and tobacco, was 6....