Sunday 25 June 2017

Food and clothing cost drive up UK inflation

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

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.

Press Association

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