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Inflation hits a four year high

Inflation hits a four year high

13 June 2017

The Consumer Price Index (CPI) registered a 12-month inflation of 2.9% in May, the highest since June 2013.  The Office of National Statistics (ONS) cites the rising cost of recreational and cultural goods and services as the biggest contributor to the rise.

 

Meanwhile CPIH (including owner occupier' housing costs) 12-month inflation was 2.7%, and is the highest since April 2012.

 

For ONS details, click here >