UK inflation numbers continue to rise It hit a 40-year high of 10.1%, according to figures from the British Office for National Statistics. The Consumer Price Index (CPI) rose 10.1% in the 12 months to September 2022, up from 9.9% in August.
“Rising food prices contributed the most to the change in annual inflation rates for the CPIH and CPI between August and September 2022,” the BBC reported, as the war in Ukraine led to higher grain prices. And dairy products cost more than 30% in a year.
Jordan Walker, CEO of British Bitcoin Collective, said: “With the current BoE policy [Bank of England] and our government The double-digit inflation rate is pretty obvious. I feel like it has awakened a lot of people in England to start learning why this is happening to our money.”
Walker explains that hosting theUK Bitcoin Conference It will help teach people about “why” and offer solutions to what we believe is Bitcoin.
“The mass printing of money and the Covid lockdown has accelerated these things. Fortunately, Bitcoin has become the solution when humanity needs it. Bitcoin is money for the people, without the people and the state out of control.”
Capital Economics chief economist Paul Dales told the Financial Times that British people will have to get used to higher prices. And inflation will remain in the double digits for the new year.
British Inflation Hits 10%, Hits 40-Year Highest Appears first on Bitcoin Addict.