Article preview: Price inflation rose in the year to last month, pushed higher by rising prices for clothes and food. The latest official figures show price inflation, as measured by the Consumer Prices Index (CPI), rising to 0.7% in October, up from 0.5% a month earlier. There were also price rises for second-hand cars and computer games, with falling prices for energy costs and holidays. The rise in CPI inflation to 0.7% defied the expectations of analysts, who predicted the rate of inflation would remain steady at 0.5%.
Rising food and clothes prices push price inflation higher
This 384-word blog post looks at the latest official price inflation figures, explaining the factors behind the rise this month. Written on 18th November 2020.
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