The Bank of England (BOE) appears to be failing in its fight against inflation after the latest data published shows price pressures in the UK remain high.
The Office for National Statistics (ONS) reported the UK's annual consumer price index (CPI) rose to 10.1% in September, seeing it jump back to a 40-year high.
The recorded figure also missed expectations for a 10% increase, and was up from the previous reading in August of 9.9%.
Core inflation (excluding energy and food prices) was reported to have increased to 6.5% year-on-year from 6.3% recorded the previous month.
The main driver of this increase was the price of food and non-alcoholic beverages which recorded its biggest jump since April 1980 by 14.5%.
Rising prices for bread, cereals, meat and dairy products are said to have pushed food prices higher last month.
The latest reading of the data is indirectly seen to increase the pressure on the BOE which is trying to save the UK economy from inflation which is taking root.
Governor Andrew Bailey recently signaled that the central bank may consider a bigger rate hike at an upcoming meeting.
