Labour Research December 2017

News

Dearer food raises RPI

The upward trend in retail price inflation continued in October. 


The annual rate of inflation under the Retail Prices Index (RPI) was up to 4.0% against 3.9% the previous month. Dearer food contributed to the rise.


Inflation under the Consumer Prices Index Housing (CPIH) — now the government’s preferred measure — was steady at 2.8% in October.


www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/october2017