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News
Inflation jumps
In a single month (September-October) the Retail Prices Index (RPI) rose by almost 2.5%, taking the annual inflation rate by the trade union-preferred measure to 14.2%.
By the Consumer Prices Index (CPI), annual inflation is now 11.1% — the highest rate since 1981.
With a housing element, CPIH is at 9.6%.
Energy, food, fuels and mortgage interest payments contributed to these trends.