UK inflation surges to double digits at 10.1% in July

The CPI figures came in above expectations of 9.8%, and up from 9.4% in June. The Office for National Statistics said that rising food prices made the largest upward contribution to the change in prices from June, with the greatest movements coming from bread and cereals and milk, cheese and eggs. Food prices, along with transport and housing, make up the bulk of price rises in the last year, with fuel prices up by 43.7% in the year to July, the highest rate ever recorded. Meanwhile, core CPI, which excludes energy, food, alcohol and tobacco, sat at just 6.2%, highlighting where th...