Inflation continued to accelerate last month, lifted by gas and electricity bills, and pricier food
Here’s Grant Fitzner, chief economist at the Office for National Statistics, explaining how rising enegy bills and food costs drove up inflation to 11.1%.
“Rising gas and electricity prices drove headline inflation to its highest level for over 40 years, despite the Energy Price Guarantee.
“Over the past year, gas prices have climbed nearly 130% while electricity has risen by around 66%.
