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In the UK, inflation rose 11.1% in October, the highest inflation in 41 years, and the Associated Press announced that it is “not yet peaking”. The UK's National Bureau of Statistics announced on the 16th that consumer prices rose 11.1% in October, the highest since October 1981, and a big jump from 10.1% in September. A Reuters poll of economists showed a rise of 10.7%, and economists announced..

UK food prices rose at the fastest pace since 1980 in September, returning inflation to a 40-year high, and US homebuilding fell to its lowest level in two years in September. UK inflation pushed food prices up 14.6 per cent through September and the consumer price index (CPI) rose again to 10.1 per cent. The EU Statistical Office (Eurostat) announced on the 20th that the eurozone inflation rate..