Inflation hits five-month high of 2.7% | The Times

Inflation in Britain unexpectedly surged to its highest level in five months in October, adding to the pain for already hard-pressed households.

The Office for National Statistics said that consumer prices inflation jumped to 2.7 per cent last month, from 2.2 per cent in September. Analysts had expected a reading of 2.3 per cent.

The retail prices index, which is used as the benchmark for many wage deals, rose to 3.2 per cent, from 2.6 per cent.

The main upward pressure came from the rise in university tuition fees, with education costs jumping by 19.1 per cent last month, the

Source: http://www.thetimes.co.uk/tto/business/economics/article3598602.ece

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