Energy bills push inflation to 41-year high

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11 minutes ago

The cost of energy is driving UK prices up at their fastest rate for 41 years, continuing the squeeze on household budgets.

Inflation, the rate at which prices rise, hit 11.1% in the year to October, up from 10.1% in September.

Soaring energy bills were behind the latest surge in prices, along with higher food and transport costs.

The soaring cost of living is squeezing household budgets and likely to push the UK into recession this year.

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