UK Inflation Hits 5-Year High

The Consumer Price Index rose from 2.9% in August to 3% last month, exceeding UK inflation targets

James Gard 17 October, 2017 | 10:14AM
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Bank of England Governor Mark Carney

UK inflation hit a five-year high of 3% in September after a combination of rising food and transport costs pushed up the cost of living.

The Consumer Price Index (CPI) rose from 2.9% in August to 3% last month, while the Retail Price Index (RPI) dipped to 3.9%, from 4% the previous month – according to the Office for National Statistics (ONS).

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James Gard  is content editor for Morningstar.co.uk