Current Inflation Rate – On The Rise 01/08

Petrol prices push inflation higher during January 2008.

By News Desk
12th February 2008 at 15:15

The Consumer Price Index (CPI) is on the rise in January 2008 thanks in part to upward price pressure exerted by petrol prices which rose by 1.3p in January 2008, compared to a 0.8p fall a year ago.

The current CPI now stands at 2.2% compared to 2.1% in December 2007.  Other than the increase in petrol prices, food, particularly fruit, and furniture fell in price by less than the previous year, influencing the overall year-on-year rise.  The largest downward pressure came from clothing and footwear.

Clearly some elements of the high street were giving customers bigger bargains than others during the January sales.

The Retail Prices Index (RPI) rose a little to 4.1% in January from 4.0% in December.

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts

Photostream

Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes

PARTNER PROMOTIONS

If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group