Inflation rises to 4.5% for August

  • High utility, transport and clothes costs behind rise
  • CPI hits 4.5% for August, up from 4.4% in July
  • RPI, used for wage negotiations, hits 5.2%

The consumer prices index rose to 4.5% in August, up from 4.4% in July, driven by the biggest annual rise in water and energy bills in more than two years. A surge in the cost of clothing and footware last month also drove CPI higher, according to data from the ONS.

More notably Р inflation is racing ahead of average earnings.


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