Inflation rises again

Inflation rises again in AugustFigures released today show that both measures of inflation rose last month. The Consumer Prices Index (CPI) rose from 4.4% in July to 4.5% in August, RPI (Retail Prices Index) which includes the cost of housing also increased from 5% to 5.2%. The Office for National Statistics (ONS) said that footwear and clothing were the main contributors to the increase, although increased heating and petrol costs were also to blame. These increases were partially offset by the cost of transport rising more slowly than at ...