Inflation posted a surprise increase to 0.7% in October from the previous month’s 0.5%, official figures showed today.
The Consumer Prices Index showed a rise as clothing prices increased, returning to normal seasonal patterns after the disruption wrought on the industry by Covid-19 .
Food prices also “nudged up”, as did second hand cars and computer games.
“These were partially offset by falls in the cost of energy and holidays,” the Office for National Statistics said.
The price of goods as they leave the factory gate, known as producer prices, fell 1.4% against 1.7% in September, perhaps signalling the crisis hitting manufacturers could be easing.
Similiarly, the deflation in raw materials eased somewhat, coming in at 1.3% in the year to October against 2.2% in September.
Including people’s housing costs, the consumer prices index inflation rate was 0.9% October, up from 0.7% in September.
Recreation and culture were the biggest