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| UK inflation rises to 1% in September | |
| (35 minutes later) | |
| The UK inflation rate rose to 1.0% in September, up from 0.6% in August, according to official figures. | The UK inflation rate rose to 1.0% in September, up from 0.6% in August, according to official figures. |
| It is the biggest monthly rise in the cost of household items in more than two years, the Office for National Statistics (ONS) said. | |
| Rising prices for clothing, overnight hotel stays and motor fuels led to the rise in the Consumer Prices Index. | Rising prices for clothing, overnight hotel stays and motor fuels led to the rise in the Consumer Prices Index. |
| However, the ONS said there was "no explicit evidence" the lower pound was increasing prices of everyday goods. | |
| Economists had forecast an inflation rate of 0.9% as they expected the weaker pound to make imports more expensive. | |
| Most of the rise in inflation last month was due to the biggest monthly jump in clothing prices since 2010 and a rise in fuel costs, which had been falling a year earlier. | |
| Mike Prestwood, ONS head of inflation, said: "CPI inflation has risen to its highest for nearly two years, though it remains low by historic standards." | |
| The Retail Prices Index (RPI) measure of inflation, which includes mortgage interest payments, rose to 2.0% in September from 1.8% in August. | The Retail Prices Index (RPI) measure of inflation, which includes mortgage interest payments, rose to 2.0% in September from 1.8% in August. |