According to the data released by the National Bureau of Statistics on the 19th, the UK consumer price index (CPI) rose 10.1% year on year in September, higher than that in August, and at a 40 year high. Darren Morgan, head of economic statistics at the British National Bureau of Statistics, said that the further increase in food prices was the main factor driving up inflation in September, while hotel accommodation prices also rose. On the other hand, gasoline prices continued to decline, partly curbing inflation. Paul Dales, an economist at Kaitou International Macroeconomic Consulting Company, believes that the UK inflation rate has not yet reached its peak, and the year-on-year CPI growth in October may continue to rise. Although the UK economic outlook has deteriorated significantly, domestic price pressure continues to increase, which will prompt the Bank of England to raise benchmark interest rates by a greater margin. From April to July this year, the inflation level in the UK hit the highest level in 40 years. CPI rose by 10.1% year-on-year in July and dropped slightly to 9.9% in August. To curb high inflation, the Bank of England announced on September 22 that it would raise the benchmark interest rate from 1.75% to 2.25%, which is the seventh time the Bank of England has raised interest rates since December last year. (Liu Xinshe)