Rishi Sunak said inflation was “the enemy that we need to face down” after it rose to a 41-year high of 11.1 per cent today.

ONS data showed that inflation – fuelled by rising energy and food prices – jumped from 10.1 per cent in September, surpassing the 10.7 per cent economists had expected.

The Bank of England is tipped to raise interest rates by a further 0.5 percentage points to 3.5 per cent when it meets in December.