In­fla­tion to stay high for two years

Midweek Sport - - FRONT PAGE -

IN­FLA­TION rose in Au­gust, caused by higher prices for cloth­ing and footwear, petrol and en­ergy.

The Consumer Prices In­dex (CPI) in­fla­tion rose to 4.5% from 4.4% in July.

The Re­tail Prices In­dex (RPI) in­creased to 5.2% from 5% ac­cord­ing to govern­ment fig­ures.

The Bank of Eng­land's tar­get rate for CPI is 2%, and it ex­pects in­fla­tion to re­turn to tar­get in the next two years.

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