Showing posts with label Consumer Prices Index. Show all posts
Showing posts with label Consumer Prices Index. Show all posts

Tuesday, 15 July 2014

UK Inflation in sharp rise to 1.9% in June

The rate of UK inflation rose sharply in June, pushed up by higher clothing, footwear, food and non-alcoholic drinks prices, official figures show.
The Consumer Prices Index rose to 1.9%, up from 1.5% in May, according to the Office for National Statistics.
Women's clothing prices contributed heavily to the rise.
Air fares and furniture prices also pushed the inflation rate up, the ONS said.
The rate is now close to the Bank of England's 2% target. It has remained below the target for seven consecutive months.
The pound jumped against the dollar following the inflation figures, climbing as high as