Wednesday 22 February 2017

Food and clothing cost drive up UK inflation

Published 14/12/2010 | 10:18

A record surge in both food and clothing costs drove up the rate of inflation in November, official figures revealed today.

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The Consumer Prices Index (CPI) rate of inflation was 3.3pc last month, up from 3.2pc in October, the Office for National Statistics (ONS) said.

The increase was driven by a 1.6pc rise in food prices and 2pc in clothing costs - the highest increases for both sectors in an October to November period since records began.

The figures will disappoint the Bank of England - tasked with bringing the rate of inflation down to a 2pc target - although policymakers did predict a spike in the cost of living towards the end of the year.

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