What is driving RPI rate inflation?

The retail price index (RPI) rose to 3.25 in July - more than was expected.

The largest upward pressures on the change in the RPI rate came from the purchase of cars, air fares, clothing, footwear and housing.

There are more details on the Office for National Statistics website.


Rail fares set to rise by 6.2%

Commuters in England face 6.2% rise in average train fares after a shock increase in the Retail Prices Index measure of inflation. Cars, air fares, clothing and housing are being blamed for the surprise rise in the Consumer Prices Index of inflation.