Inflation rate soars to 10-year high in UK

Channel 4 News published this video item, entitled “Inflation rate soars to 10-year high in UK” – below is their description.

You’ve probably already noticed there’s been a steep rise in the cost of living.

Inflation in October hit the highest figure for almost a decade, with surging energy prices driving the increase.

Experts are divided over what, if anything, can be done to put the brakes on.

Channel 4 News YouTube Channel

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About This Source - Channel 4 News

Channel 4 News is the news programme from UK Channel 4 television. Channel 4 is a British public-service free-to-air television network headquartered in Leeds, United Kingdom. The channel was established in 1982 to provide a fourth television service to the United Kingdom in addition to the licence-funded BBC One and BBC Two, and the single commercial broadcasting network ITV.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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