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Inflation rockets to 11.1%

– The Consumer Prices Index (CPI) rose by 11.1% in the 12 months to October 2022, up from 10.1% in September.

– Major contributors included food and non-alcoholic beverages, up 16.4%.

– Housing and household services, which includes household gas and electricity rose 11.7%. 

– Households are paying 88.9% more for gas and electricity than a year ago. 

– ONS believes inflation is now at its highest rate since ...

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Wealth Club