UK Inflation Rises Above 10 Percent
Inflation has risen even further in Great Britain. Consumer prices rose 10.1 percent in July compared to the same month last year, the national statistics agency ONS announced in London on Wednesday.
According to the ONS, the increase was largely attributable to food prices and prices of commodities such as toilet rolls and toothbrushes.
It is the biggest jump since February 1982, when inflation reached 10.4 percent. Analysts had expected an increase of only 9.4 to 9.8 percent on average. In June, inflation was still 9.4 percent.
Inflation is expected to fall slightly in August before rising to 13.3 percent in October.