UK inflation was at its highest rate for nearly two years in September, driven by a 6% rise in clothing prices compared with the previous month.
The upward effect came primarily from garments, in particular women’s outerwear, for which prices rose by 6% between August and September 2016, compared with a rise of 3.3% a year ago, the Office for National Statistics said.
The official body said a rise in clothing prices in September is in line with normal trends and the comparatively large increase this year follows a sustained fall in prices between March and July, followed by a relatively small increase in August.
ONS said that, while the depreciation in sterling is likely to increase the cost of importing goods and outsourcing production, there are reports of businesses having measures in place to protect against exchange rate changes in the short-term.
- The reality of an impending hike in shop prices hit home this week, as experts warned it may be the only way for retailers to offset rising costs.