{"id":163422,"date":"2020-11-18T09:04:43","date_gmt":"2020-11-18T09:04:43","guid":{"rendered":"https:\/\/www.theindustry.fashion\/inflation-jumps-on-back-of-rising-cost-of-clothing-and-food\/"},"modified":"2021-08-06T12:09:07","modified_gmt":"2021-08-06T12:09:07","slug":"inflation-jumps-on-back-of-rising-cost-of-clothing-and-food","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/inflation-jumps-on-back-of-rising-cost-of-clothing-and-food\/","title":{"rendered":"Inflation jumps on back of rising cost of clothing and food"},"content":{"rendered":"

UK inflation bounced higher last month as the price of food and clothing jumped,<\/strong> according to official figures.<\/p>\n

<\/p>\n

The Office for National Statistics (ONS) said Consumer Prices Index (CPI)<\/strong> inflation rose to 0.7% in October from 0.5% in September.<\/p>\n

It surpassed the expectations of analysts,<\/strong> who had predicted that inflation would stay flat at 0.5% for the month.<\/p>\n

Deputy national statistician for economic statistics at the ONS, Jonathan Athow, said: \u201cThe rate of inflation increased slightly as clothing prices grew<\/strong>, returning to their normal seasonal pattern after the disruption this year.<\/p>\n

\u201cThe cost of food also nudged up, while second-hand cars and computer games also all saw price rises.<\/p>\n

\u201cThese were partially offset by falls in the cost of energy and holidays.\u201d<\/p>\n

Economists at the ONS said clothing and footwear prices increased by 2.5% for the month<\/strong>, rebounding after a period of heavy discounting through the summer as stores tried to attract more customers in the face of restrictions.<\/p>\n

Food inflation was another key driver of rising inflation, as prices bounced back from deflation in September.<\/p>\n

It was particularly caused by an increase in the price of vegetables and fruit, the ONS said.<\/p>\n

Transport and vehicle prices also pushed higher, as the price of second-hand cars rose by 1.4%, with new car prices up 0.5% as demand for cars improved in the face of guidance to avoid public transport.<\/p>\n

The largest downward pressure on inflation was caused by a fall in household energy prices.<\/p>\n

It revealed that gas prices dived by 12.3% and electricity prices slumped 3.2% between September and October.<\/p>\n

The Retail Price Index (RPI), a separate measure of inflation, was 1.3% in October,<\/strong> rising from 1.1% in the previous month.<\/p>\n

Meanwhile, the CPI, including owner-occupiers\u2019 housing costs (CPIH) \u2013 the ONS\u2019s preferred measure of inflation \u2013 was 0.9% last month, up from 0.7% in September.<\/p>\n

\"Newsletter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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