Inflation jumps on back of rising cost of clothing and food

18/11/2020

Inflation jumps on back of rising cost of clothing and food

UK inflation bounced higher last month as the price of food and clothing jumped, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 0.7% in October from 0.5% in September.

It surpassed the expectations of analysts, who had predicted that inflation would stay flat at 0.5% for the month.

Deputy national statistician for economic statistics at the ONS, Jonathan Athow, said: “The rate of inflation increased slightly as clothing prices grew, returning to their normal seasonal pattern after the disruption this year.

“The cost of food also nudged up, while second-hand cars and computer games also all saw price rises.

“These were partially offset by falls in the cost of energy and holidays.”

Published: by Radio NewsHub



Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *


Current track

Title

Artist

Background
Banbury FM
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.