Increase confounds forecasts of a modest dip and adds to pressure on Bank of England to raise interest rates
Labour accused the government of making families worse off, while business leaders said they were concerned that Britain was being damaged by persistently high inflation.
Rob Morgan, the chief investment analyst at the stockbroker Charles Stanley, said Britain’s high inflation rate “kept coming back, like the Terminator” and gave the Bank of England’s policymakers “every reason to hike interest rates”The ONS blamed a sharp increase in the cost of fresh food and non-alcoholic drinks, the rising price of restaurant meals and a surge in the price tag on women’s clothes for reversal in a recent decline in inflation.
The ONS chief economist, Grant Fitzner, said: “Food and non-alcoholic drink prices rose to their highest rate in over 45 years with particular increases for some salad and vegetable items as high energy costs and bad weather across parts of Europe led to shortages and rationing.”
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