Inflation jumps to highest level in almost 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 prices index (CPI) measure of inflation hit a higher-than-expected 1 per cent in September – the same level as November 2014 and up from 0.6 per cent the previous month. Economists had pencilled an increase to 0.9 per cent.
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 almost 20 per cent against the... read more

 
18 October 2016 in Politics, Views: 41
Source: Scotsman
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