Inflation in Britain Jumps to 10.1 Percent, Pushed Higher by Food Prices

Consumer prices in Britain continued to jump higher in July,

from a year earlier, the fastest pace since 1982.

Rising food prices pushed inflation into double digits for the first time in four decades. The inflation rate rose higher than economists had expected, increasing 0.6 percent from the previous month, the Office for National Statistics said on Wednesday. The annual rate of inflation rose from 9.4 percent in June.

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