UK CPI inflation rises to 1.3% in year to October

UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.

The consumer prices index CPI) increased from 1.2% from the previous month, while the retail prices index (RPI) grew by 2.3% in the year ending October, unchanged from September. The Office for National Statistics (ONS) noted smaller falls in transport costs than a year ago, especially for motor fuels and air fares. Price rises for computer games were the main contributors to the rise in the rate of inflation. Food and motor fuel prices, which have historically been upward contributors to the 12-month CPI rate, are currently reducing it by 0.3 percentage points. Meanwhile, CPIH, a ...