Food, Energy Costs Push UK Inflation To 41-Year High(AFRICAN EXAMINER) – The inflation rate in the United Kingdom jumped in the last 12 months to 11.1 percent in October — by one percent from August’s inflation rate. “Indicative modeled consumer price inflation estimates suggest that the CPI rate would have last been higher in October 1981, where the estimate for the annual inflation rate was 11.2 percent,” the ONS said. ONS further explained that on a monthly basis, the CPI rose 2 percent in October, matching the annual CPI inflation rate between July 2020 and 2021. Andrew Bailey, BoE governor, had said the move was part of efforts by the bank to tame rising inflation. The UK has been battling difficult economic situations due to surging energy costs arising from the Russia-Ukraine war.