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UK inflation hits fresh 40-year-high in July, with CPI rising to 10.1% Updated: 2022-08-18 13:54:17 KST

Inflation in the UK hit a fresh 40-year-high last month as food and energy prices continued to soar.
According to data released by the Office for National Statistics Wednesday, consumer price inflation in July rose to 10.1 percent.
This was higher than the Reuters consensus forecast of 9.8 percent, and up from 9.4 percent in June.
The report said one of the main factors was rising food prices.
To bring down inflation, the Bank of England has already raised interest rates six times in a row.
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