UK inflation continues to rise in September

UK inflation for September has come in at 10.1% against expectations of 10% for core inflation. This is up from Augusts reading of 9.9%. Much of the rise has come from consumer goods such as food and drink with sectors such as energy cooling. This has caused some further volatility in the pound and UK bond markets on fears that further rate hikes will be needed to tame inflation at the same time as UK economic numbers continue to slow.