UK Inflation Accelerates in September

Annual inflation in the U.K. accelerated in September following the end of a government program that cut the bill for dining out.

Consumer prices rose 0.5% on year in September compared with a 0.2% rise in August, the Office for National Statistics said Wednesday.

The rise was driven by higher transport costs, as well as higher prices at restaurants, following the end of the Treasury’s Eat Out to Help Out program, which cut the price of meals.

Separate figures showed the government borrowed 36.1 billion pounds ($46.75 billion) in September, the third-highest total for any month since records began in 1993, to help finance various coronavirus-relief packages for the economy.
Source: Dow Jones