UK inflation jump to 1% is just ‘tip of the iceberg’
Latest inflation data shows leap from 0.6% in August to 1% in September
The UK's consumer price index hit 1% in September 2016, the highest level recorded since November 2014, data from the Office for National Statistics (ONS) published today (October 18) shows. Some analysts believe this is just the start of a rapid period of reflation for the UK economy.
"CPI inflation has risen to its highest for nearly two years, though it remains low by historic standards," said Mike Prestwood, head of inflation at the ONS. The latest annual CPI figures saw rising prices for
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