Labour Research November 2005

News

Oil pushes up inflation

The continuing high price of petrol has pushed inflation higher. The Consumer Prices Index (CPI), which excludes housing costs, rose from 2.4% in August to 2.5% in September. It is the third month in a row that inflation has been above the government's target of 2%. However, inflation under the Retail Prices Index (RPI) fell for the second month in a row to 2.7% in September from 2.8% the previous month.