HomeBusinessInflation rises for second month in a row

Inflation rises for second month in a row

Inflation has risen for the second month in a row, according to official figures.

The overall rate of price rises – as measured by the consumer price index (CPI) – grew by 2.6% in November.

It’s a further move away from the Bank of England‘s target 2% inflation rate after the rate ticked up to 2.3% in October, the first increase in three months.

This is due to the higher cost of clothing, petrol and diesel, compared to last year, the ONS said.

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Content Source: news.sky.com

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