International News

British annual inflation surges to 1.0% in September: data

LONDON, Oct 18, (APP/AFP) – Britain’s annual inflation rate surged to 1.0 percent last month from 0.6 percent in August, official data showed Tuesday, but the statistics office urged caution over the slumping pound’s role. The Office for National Statistics said the jump was mainly owing to a significant increase in prices of women’s outerwear on factors not directly linked to “sterling depreciation following the EU referendum result” in June that resulted in Britain voting to leave the European Union.