Labour Research January 2005

News

November sees rise in inflation

Higher utility bills and petrol and oil costs all helped push up inflation in November. The Retail Prices Index rose by 3.4% compared with a 3.3 % increase in the year to October. It is the fourth consecutive monthly rise.

The Consumer Prices Index (CPI), the government's preferred measure, which excludes housing costs, also rose by 1.5% in the year to November - up from 1.2% in the year to October.