THE Consumer Price Index (CPI) inflation rose to 0.7% in October from 0.5% in September as prices of clothes and food increased.
The latest figures by the Office for National Statistics (ONS) follows a rate plunge to 0.2% in August due to the Eat Out to Help Out scheme.
The inflation rate surpassed the expectations of analysts, who had predicted that inflation would stay flat at 0.5% for the month.
Jonathan Athow, deputy national statistician for economic statistics at the ONS said: “The rate of inflation increased slightly as clothing prices grew, returning to their normal seasonal pattern after the disruption this year.
“The cost of food also nudged up while second-hand cars and computer games also all saw price rises.
“These were partially offset by falls in the cost of energy and holidays.”
More to follow…
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