Inflation jumps to one per cent: Cost of living spikes amid higher petrol prices

Inflation jumps to one per cent: Cost of living spikes amid higher petrol prices
 

Inflation leapt from 0.6 per cent in August to reach its highest level since November 2014, as measured by the Consumer Prices Index (CPI) under the Office for National Statistics (ONS).
It means a typical basket of bills, services and goods that cost £100 a year ago would today cost £101 today.
The increase is largely a result of the rising prices of clothing, motor fuels and overnight hotel stays, said the ONS.
However, food prices and air fares helped keep inflation relatively low.
The Bank of England targets an inflation rate of two per cent and the weaker pound is expected to push... read more

 
18 October 2016 in Business, Views: 37
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