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Fuel and clothing drive inflation increase

17th July 2013

Guzelian Photography – www.guzelian.co.uk

INFLATION rose 0.2% last month to 2.9%, according to official figures.The Office for National Statistics said the largest upward contribution came from motor fuels and clothing and footwear.Downward pressure came from air transport which fell back after a sharp rise in May. The Consumer Prices Index (CPI) inflation rate is slightly above the figures seen over the previous 12 months but below the levels reached between the start of 2010 and spring 2012.Inflation has been running above its 2% target for the past four years but the B......for the full story register now for free or login below...

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