Nursery World - More pressure put on families as inflation returns to 40-year high

Further concerns have been raised for families with the news that inflation has returned to a 40-year high of 10.1 per cent.

Inflation has returned to a 40-year high amid the cost-of-living crisis, PHOTO Adobe Stock

Inflation has risen above 10 per cent for the second time this year, largely driven by food price increases.

UK inflation, measured by the Consumer Price Index (CPI), was 10.1 per cent in September, the same rate as it was in July – and up from 9.9 per cent in August.

The rate of CPI is normally used as the benchmark to raise benefits and the state pension, but the Government has refused to confirm that payments will keep pace with rising prices.

Economists and the shadow chancellor have raised concerns about the impact the rise in inflation will have on ‘already struggling’ families.

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