UK CPI inflation rises to 1.3% in year to October

clock

UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.

The consumer prices index CPI) increased from 1.2% from the previous month, while the retail prices index (RPI) grew by 2.3% in the year ending October, unchanged from September. The Office for National Statistics (ONS) noted smaller falls in transport costs than a year ago, especially for motor fuels and air fares. Price rises for computer games were the main contributors to the rise in the rate of inflation. Food and motor fuel prices, which have historically been upward contributors to the 12-month CPI rate, are currently reducing it by 0.3 percentage points. Meanwhile, CPIH, a ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot