CPI inflation jumps to highest level in nearly two years



Inflation has jumped to a near two-year high as the rising cost of clothes, restaurants and hotels pushed up the cost of living.
The Consumer Price Index (CPI) inflation hit a higher-than-expected 1.0% in September - the same level as November 2014 - rising from 0.6% in August.
Economists had been pencilling an increase of 0.9%.
The Office for National Statistics (ONS) said there was "no explicit evidence" that sterling's slump following the Brexit vote had pushed up prices of consumer goods.
The value of the pound has fallen nearly 20% against the US dollar since Britain voted to... read more

 
18 October 2016 in Regional East, Views: 16
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