UK prices are rising faster than ANYWHERE else in the EU

UK inflation is higher than in any other European country, official figures from the EU show today.

Our inflation rate is more than double the EU’s as a whole. The UK inflation rate in September was 2.7%, versus the EU’s 1.3%.

That rate means we have greater inflation than any of the other 27 countries in the EU. Estonia comes in second at 2.6%, then the Netherlands at 2.4%.

Escalating prices across categories such as energy and food are pushing up inflation and driving up the cost of living.

The rise in UK food prices is the second-highest in the EU, at 4.3% year-on-year.

Energy prices have grown by 3.4% in the UK.

Despite the rise in prices in the UK, wages in September this year were only 0.7% higher than in 2012.

• Follow me @sophiehobson and @LondonlovesBiz
• Try our free newsletter