Tuesday, November 17, 2009

UK inflation up in October

According to the ONS, in October 2009:

The Consumer Prices Index (CPI) rose to 1.5% from 1.1% in September
The Retail Prices Index (RPI) measure, which includes mortgage interest payments and housing costs, rose to -0.8% from -1.4% in September, the biggest rise in almost 20 years.

1) The temporary reduction in VAT expires in January 2010.

2) The government's target for the CPI is 2%.

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