{"id":144890,"date":"2021-11-17T07:48:05","date_gmt":"2021-11-17T07:48:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=144890"},"modified":"2021-11-17T07:48:05","modified_gmt":"2021-11-17T07:48:05","slug":"uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/","title":{"rendered":"UK inflation surges to a 10-year high of 4.2%, worse than expected"},"content":{"rendered":"<ul>\n<li>The U.K.&#x27;s Consumer Prices Index rose by 4.2% in the 12 months to October 2021, up from 3.1% in September. <\/li>\n<li>Economists polled by Reuters had a expected a figure of 3.9%.<\/li>\n<li>The Bank of England held interest rates steady earlier this month, defying many investors&#x27; expectations that it would become the first major central bank to hike rates following the coronavirus pandemic. <\/li>\n<\/ul>\n<p>LONDON \u2014 The cost of living in the U.K. surged in October to a 10-year high, with the figure now more than double the target set by the Bank of England.<\/p>\n<p>The U.K.&#x27;s Consumer Prices Index rose by 4.2% in the 12 months to October 2021, up from 3.1% in September. Economists polled by Reuters had a expected a figure of 3.9% for October.<\/p>\n<p>The Bank of England held interest rates steady earlier this month, defying many investors&#x27; expectations that it would become the first major central bank to hike rates following the coronavirus pandemic. <\/p>\n<p>The Bank has been monitoring a confluence of crucial data points as inflation remains persistently high while economic growth moderates and labor conditions tighten. Wednesday&#x27;s data will surely add more pressure on the Bank to act at its December meeting.<\/p>\n<p>The Bank of England expects inflation to rise further to around 5% in the spring of 2022 before falling back toward its 2% target by late 2023, as the impact of higher oil and gas prices fades and demand for goods moderates.<\/p>\n<h2>Euro zone<\/h2>\n<p>Euro zone inflation hit a new 13-year high in October, at 4.1%, as the currency bloc battles surging energy costs.<\/p>\n<p>This was the highest level since July 2008, according to Reuters data, and was ahead of a consensus forecast of 3.7%. September&#x27;s figure had\u00a0come in at 3.4%.<\/p>\n<p><em>\u2014CNBC&#x27;s Elliot Smith contributed to this article.<\/em><\/p>\n<p><em>Correction: An earlier version of this story misstated how the October figure compared with historical data.<\/em> <\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/11\/17\/uk-inflation-surges-to-a-new-record-high-of-4point2percent-beating-expectations.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.K.&#x27;s Consumer Prices Index rose by<\/p>\n","protected":false},"author":3,"featured_media":144889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The U.K.&#x27;s Consumer Prices Index rose by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-17T07:48:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/11\/UK-inflation-surges-to-a-10-year-high-of-4.2-worse-than-expected.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/\",\"url\":\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/\",\"name\":\"UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-11-17T07:48:05+00:00\",\"dateModified\":\"2021-11-17T07:48:05+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"UK inflation surges to a 10-year high of 4.2%, worse than expected\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/","og_locale":"en_US","og_type":"article","og_title":"UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News","og_description":"The U.K.&#x27;s Consumer Prices Index rose by","og_url":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/","og_site_name":"Pre Coin News","article_published_time":"2021-11-17T07:48:05+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/11\/UK-inflation-surges-to-a-10-year-high-of-4.2-worse-than-expected.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/","url":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/","name":"UK inflation surges to a 10-year high of 4.2%, worse than expected - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-11-17T07:48:05+00:00","dateModified":"2021-11-17T07:48:05+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/uk-inflation-surges-to-a-10-year-high-of-4-2-worse-than-expected\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"UK inflation surges to a 10-year high of 4.2%, worse than expected"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/144890"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=144890"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/144890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/144889"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=144890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=144890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=144890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}