UK Bitcoin community reacts as inflation hits 10.1%
Join Our Telegram channel to stay up to date on breaking news coverage The inflation rate in the United Kingdom is at 10.1%, according to the data released by the UK Office for National Statistics (ONS). The Consumer Price Index increased to 10.1% in September 2022 from 9.9% in August. UK inflation hits 10.1% The data released by ONS further explained that food prices had contributed to the rise in inflation rates between August and September 2022. The ongoing war in Ukraine has caused a rise in grain prices, while the cost of dairy products has increased by more than 30% within one year. The recently released inflation` data has caused a stir in the British Bitcoin community. The CEO of UK-based Bitcoin Collective, Jordan Walker, believes that the current policies introduced by the Bank of England and the government have triggered double-digit inflation. Therefore, people in the UK needed to learn more about what was happening to their money. One of the recommendations mad...