News
Inflation jumps
Inflation jumped for the year to May, rising to 3.3% on the Retail Prices Index (RPI) and 2.1% on CPI and CPIH (the officially preferred measures).
The largest upward contribution to the CPIH rate came from transport (0.72 percentage points). But clothing, recreational goods (particularly games and recording media), and meals and drinks consumed out also had an impact. On the other hand, food and non-alcoholic beverage prices fell.