Labour Research July 2015

News

Inflation rises

Inflation rose in May on the back of higher transport costs, including air fares.

Under the Retail Prices Index (RPI), inflation rose by 1.0% against a 0.9% rise in both March and April.

Inflation under the government’s preferred measure — the Consumer Prices Index (CPI) — rebounded to a positive rate in May.

The CPI was 0.1%, against minus 0.1% the previous month.

www.ons.gov.uk/ons/dcp171778_406554.pdf