Wednesday, 16 January 2013

Inflation remains steady

The Office for National Statistics has said that consumer price inflation remained at 2.7% last month, rising energy bills offset a drop in fuel costs. In the shops, food bills put more upwards pressure on overall inflation, with food prices up 1.2% against November. Clothing and footwear dropped 1.5%, while air fares were also lower. The retail prices index measure crept up to 3.1% from 3%, driven by mortgage interest payments and other housing costs.

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