The old measure, the Retail Prices Index has hit 12.6% in September, last time it was higher was in January 1981, just under 42 years ago…
Food 🍲 +14.6%. Never higher since Jan 1989
Housing. Energy 🏡 +9.3%. Highest since March 1991
Restaurants/ hotels 🍔 +9.7%. Highest since March 1992
Services 👩🏼🌾 +5.3%. Highest since March 1993.
*all actually records on existing time series, ONS has modelled data from before
These are v concerning charts - this is food and beverage annual inflation rates since 1950… todays 14.5% rate exceeds the 2008 spike and is now the highest since April 1980 (14.7%), so 42 years… but v very close to being the highest since September 1977
twitter.com/faisalislam/status/1582725059751206912?s=46&t=7HpQ0POtU2uBTMjtuHvZog