More expensive petrol,clothing and food fuel rise in CPI as unions call for pay rises and end to public sector pay capThe squeeze on Britain’s living standards worsened final month after the increased cost of importing fuel, clothes and food pushed inflation back up to 2.9%, and from 2.6% in July.
Women’s clothes were among the items to jump in price in August as the low value of the pound earlier this year pushed up the prices in sectors heavily dependent on imported goods. Related: Public sector pay cap to be lifted next year,No 10 says Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common.
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Source: theguardian.com