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Inflation spiked to 2.3 per cent in September as fears grow over the impact of the Budget and global trade tensions.
Rising energy price were the biggest factor behind the bump in the headline CPI rate from 1.7 per cent in August.
But the increase – back above the Bank of England‘s 2 per cent target could fuel nerves as it came in slightly above the 2.2 per cent markets were anticipating.
The effects of the huge borrowing and spending splurge by Rachel Reeves have also yet to feed through into the statistics.
And there are jitters about Donald Trump‘s vow of imposing sweeping tariffs on imports to the US when he re-enters the White House in January.
In October, average household energy bills increased by £149 a year after regulator Ofgem raised the…
