Labour Research October 2005

News

Prices - up and down!

Dearer oil and petrol fuelled a further rise in inflation. The Consumer Prices Index (CPI), which excludes housing costs and is the government's preferred measure, rose to 2.4% in August - up from 2.3% for the previous month. It is at its highest since the index began in 1997.

However, inflation under the more widely recognised Retail Prices Index (RPI) fell to 2.8% in August from 2.9% the previous month.