Inflation rises again

Inflation is steadily increasing. The rate of inflation is moving upwards. The latest inflation figures show than the Consumer Prices Index (CPI) rose to 3.2% in October. The rise is unexpected as experts had predicted inflation would remain static at 3.1%. According to the Office for National Statistics (ONS), the rise was due to higher fuel prices, although the rise in food prices showed a welcome slow down. Meanwhile, the Retail Prices Index (RPI), which contains a larger share of housing costs, fell slightly to 4.5%, down from 4.6% a month earlier.