The ONS data suggested the largest upwards contribution to inflation last month came from the cost of drinking out
, however, shows little sign of easing up in any substantial way given that household energy bills are running at record levels, despite government support, amid the first cold snap of the 2022/23 winter.The ONS said energy and food costs remained the main drivers of inflation, with food running at an annual rate of 16.4%.The Bank of England is widely expected by economists to add to the bills of borrowers on Thursday by raising Bank rate again as part of its battle against inflation.
The cost of manufacturing goods has added to the bills substantially too because of Russia's historic role in supplying oil and gas - now reduced to a trickle in comparison amid sanctions regimes. It believes that the country is already in the grip of a recession, defined by two consecutive quarters of negative growth.
Chancellor Jeremy Hunt responded to the ONS price figures by declaring inflation as"the number one enemy".
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tackling inflation takes priority over above-inflation public sector pay rises, says Chancellor Jeremy HuntAs 10 different public sectors go on strike this week, and more in the weeks after, the chancellor doubled down on refusing to give in to unions' demands of above-inflation pay rises.
Consulte Mais informação »
Eddie Howe Christmas 2021 to Christmas 2022 compared to what went before - Absolutely astonishingAbsolutely astonishing - Eddie Howe Christmas 2021 to Christmas 2022 compared to what went before at Newcastle United.
Consulte Mais informação »
Inflation rate eases off slightly but prices still soaringBREAKING: The Office for National Statistics has revealed the rate of inflation fell to 10.7% in November from 11.1% in October.
Consulte Mais informação »
Inflation eases slightly to 10.7% from 11.1%, official figures showThe rate of inflation eased to 10.7% from 11.1% last month, according to official figures.
Consulte Mais informação »
Second largest fall in real wage growth since records began while unemployment rate ticks upThe ONS reveals the impact of inflation on wages while the data also shows there were more working days lost to strike action in October than in any month since November 2011.
Consulte Mais informação »
UK inflation falls to 10.7% as petrol prices drop - what it means for your moneyTHE UK’s rate of inflation fell to 10.7% in November as petrol prices dropped. The data from the Office for National Statistics (ONS) reveals the annual rate has gone down from 11.1% in October. In…
Consulte Mais informação »