Labour Research February 2005

News

Price indexes rise again

Dearer furniture, travel and energy costs helped push inflation up in December to its highest rate since June 1998. The Retail Prices Index rose by 3.5% compared to 3.4% the previous month - the third consecutive monthly rise.

The government's preferred measure - the Consumer Prices Index (CPI), which excludes housing costs - also rose, to 1.6%.