UK inflation hits 10.1%, driven by soaring food and fuel prices

ONS July figure is only fourth time in 70 years that inflation has breached 10%

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UK inflation has risen above 10% for the first time in 40 years, driven by soaring prices for food and fuel as households come under mounting pressure from the cost of living crisis.

The Office for National Statistics said the consumer prices index rose by 10.1% in the year to July, up from a reading of 9.4% in June and entering double figures at an earlier stage than anticipated. The figure was last higher in February 1982.