Inflation hits 4.5%

THE headline rate of inflation continued its upward trend last month rising to 4.5%, according to data published this morning.

The annual rate of CPI inflation rose from 4.4% in July with the Office for National Statistics pointing to clothing and footwear, electricity and gas bills and household goods as the largest factors behind the rise.

Transport costs and the price of goods such as computer games and children's toys were the most significant brakes on rising inflation.

The RPI rate of inflation, which includ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...