UK inflation reaches two-year high in Sept
The UK inflation rate as measured by the Consumer Price Index rose to a nearly two-year high of 1.0 percent in September, up from 0.6 percent in August, the Office for National Statistics revealed on Tuesday. According to the ONS, rising prices for clothing, hotel rooms and petrol led to the highest rate of inflation since November 2014, when it was also 1.0 percent. Clothing sawits biggest price rise since 2010 and fuel, which was falling a year ago, was also more expensive. These upward pressures were partially offset by a fall in airfares and food prices.