Inflation at 50-month high

Inflation rose again last month, with the Consumer Price Index returning to its recent high of 2.9%. After two months at 2.6%, the CPI rate has returned to its May level - the highest in 50 months. The Office for National Statistics said that prices in all its broad categories - such as furniture and household goods, restaurants and hotels - were higher than a year ago. Clothing and footwear inflation was at a record 4.6% last month, which it said "may reflect changes in the exchange rate impacting on the cost of imported clo... For the full story register now for free or login below...
Close