UK INFLATION  – UK inflation hits double figures for first time in 40 years

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The United Kingdom’s inflation rate hit double figures for the first time in 40 years as the Consumer Prices Index (CPI) rose to 10.1% in July, the Office for National Statistics said Wednesday.

The figure, up from 9.4% in June, is the highest since February 1982, when the CPI stood at 10.4%, according to the ONS.

Increasing energy, food, beverage and transport prices have driven the spike in inflation. The sharpest increase was in prices of food and non-alcoholic drinks, which increased by 2.3% from June to July this year.

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