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UK inflation jumps to highest level in 10 years as energy bills soar

Increase to 4.2% in October from 3.1% also driven by higher prices in restaurants and hotels

  • Analysis: UK interest rate decision still on a knife-edge
  • Business live updates: UK inflation soars to 10-year high of 4.2%

UK inflation has jumped to the highest level in a decade, hitting a rate more than double the government’s target amid a severe cost of living squeeze from soaring household energy bills.

The Office for National Statistics said the consumer prices index measure of annual inflation rose to 4.2% in October, up from 3.1% in September – the highest rate since November 2011.

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