U.K. Inflation Hits 40-Year High

LONDON (AP) – U.K. inflation accelerated to a 40-year high in September as the soaring cost of food squeezed household budgets. The Office for National Statistics says consumer price index rose 10.1%, compared with 9.9% the previous month. The new data shows inflation returned to the July peak and is once again at the highest since early 1982. The increase was driven by food prices, which leapt by 14.5% from a year earlier, the biggest jump since 1980. The rise áincreases expectations that the Bank of England will raise interest rates further and faster as it struggles to return inflation to its 2% target.