Page 8 - PA_Enterprise_November-2023

PAE

What is the UK inflation

rate and why is it so high?

The rate at which prices
rising remained unchanged

at 6.7% in the year to
September compared with
August.

Slowing food inflation on
items such as milk, cheese

and eggs were offset by
fuel prices rising sharply,

hitting drivers at the
pumps.

In a bid to slow inflation,
the Bank of England has
increased interest rates to

5.25%, but held rates at its
last meeting.

8 November 2023