Rising Inflation in the UK
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UK inflation bounced higher last month as the price of food and clothing jumped, according to official figures. It surpassed the expectations of analysts, who had predicted that inflation would stay flat at 0. Economists at the ONS said clothing and footwear prices increased by 2. Food inflation was another key driver of rising inflation, as prices bounced back from deflation in September.
Inflation jumps on back of rising cost of clothing and food
Transport and vehicle prices also pushed higher, as the price of second-hand cars rose by 1. It revealed that gas prices dived by Inflation jumps on back of rising cost of clothing and food. Sorry, an error occurred.
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