Last month the BoE said it expected inflation to rise slightly above 4% in the last quarter of 2021 but since then energy prices have continued to rise sharply. Prices for diners rose sharply in September last year after the scheme expired.īut prices for consumer goods continued to rise, while food prices fell more slowly than in September last year. Hospitality was the largest drag on inflation last month - the result of the "Eat Out to Help Out" restaurant meal subsidy scheme launched in August 2020 dropping out of the annual comparisons. UK inflation on track to hit double BoE's 2% target
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