By Geoffrey Smith
Investing.com -- The U.K.'s inflation rate crept back above 10% in September, as food prices in particular continued to squeeze household incomes and keep the pressure on Prime Minister Liz Truss and the Bank of England.
The consumer price index rose 0.5% from August, while core consumer prices rose 0.6%, both numbers a little higher than expected. That drove the headline rate up to 10.1% from 9.9%, while the core rate rose to 6.5% from 6.3%.
The numbers contained a crumb of comfort in that producer price inflation, which translate into consumer inflation with a modest time lag, slowed from August, although by less than expected. Factory gate prices rose only 0.2%, bringing the annual PPI down to 15.9% from 16.4%.