Cost of living latest: UK inflation hits 10.1% as food prices rocket - BBC News
Inflation surprises analysts, with basic goods like bread, cereals, milk and eggs driving the latest hike.
Nadhim Zahawi, the Chancellor of the Exchequer, says that there are "no easy options" for the government in the face of soaring inflation.

On the day that inflation hit 10.1%, Zahawi tells the BBC that the high energy prices being experienced in the UK are down to "Putin deliberately using energy as a tool to get back at us for the help that we are putting into Ukraine".

While the Bank of England's governor has also said Russia's invasion of Ukraine is the largest contributor to UK inflation, economists say there are many contributing factors including supply chain issues and recruitment challenges.

Meanwhile, Zahawi says that the Treasury is preparing "all the options" for the incoming prime minister on 5 September - but adds that he is also preparing plans for a further price cap increase in January.

"We leave no stone unturned; we are looking at every option to be ready for 5 September for additional support.

"My message is ... whether they are small businesses or families who are really struggling, really worried, is that we will be ready for more support as the new prime minister comes in.

"We are working night and day to make this work."