‘Don’t cry Brexit!’ EU energy prices soar above UK as Putin exposes gas vulnerability

Surging energy and fuel costs push inflation to near-decade high

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

The cost of living has surged across the EU and UK this year, with inflation rates rising to record highs in October. According to Grant Fitzner, Chief Economist of the Office for National Statistics (ONS), a combination of increased household energy bills, the rise in the cost of second-hand cars and fuel, as well as steeper bills in hotels and restaurants drove inflation up to 4.2 percent. The situation was further exacerbated by the cost of goods and raw materials rising “substantially”, which the expert said are now “at their highest rates for at least 10 years”.

Join EDF and get up to £50 credit

Switch to EDF and get a £50 credit. Offer only available online via the link. Get the Best Price Direct Guaranteed. Choose to fix your prices for two or three years. Bundle your tariff with smart devices or boiler care.

This box contains affiliate links, we may receive a commission on any sales we generate from it. Learn more.

Source: Read Full Article