| UK CPI inflation rate rises to 5.2% in September |
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The rate of Consumer Prices Index (CPI) inflation in the UK matched its record high in September, rising to 5.2% from 4.5% the month before.
An increase in energy costs was behind a large proportion of the rise. The 5.2% rate is the highest CPI measure since September 2008, and it has never been higher since the CPI measure was introduced in 1997. The Retail Prices Index (RPI) - which includes mortgage interest payments - rose to 5.6% from 5.2%. The latest RPI measure is the highest annual rate since June 1991. The Office for National Statistics, which released the data, said in a statement: "By far the largest upward pressure to the change in CPI... came from increases in gas and electricity charges. |
