Inflation rises after price hikes for energy bills and plane tickets

Inflation rises after price hikes for energy bills and plane tickets

It's the highest rate of inflation for 6 months

The cost of energy and aeroplane tickets pushed household prices higher in the opening month of 2020, official statisticians have revealed.

The Office for National Statistics (ONS) said the rate of the Consumer Price Inde increased to 1.8% in January, up from 1.3% the month before. It is the highest inflation has been for six months and ahead of the 1.6% that experts were predicting.

It means that prices for a basket of goods that average UK households buy has increased faster than expected.

The CPI is measured against January last year, when the cost of flying was falling, and the Government's energy price cap had just come into effect, putting downward pressure on household bills.

Published: by Radio NewsHub
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