UK inflation set to jump to near two-year high in September even before the latest slump in the pound

UK inflation is expected to have jumped to a near two-year high last month even before sterling’s latest slump has had an impact amid Brexit price hike concerns.
The Consumer Price Index measure of inflation is forecast to reach 0.9 per cent in September, after stalling at 0.6 per cent in both July and August.
A hike in the cost of petrol and the rising cost of hotel bookings are expected to put the main upward pressure on the cost of living, with economists pencilling in CPI to hit its highest level since November 2014.
Howard Archer, chief UK and European economist at IHS Markit said:... read more

17 October 2016 in Business, Views: 40
Source: Daily Mail

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