Inflation figures show economy is 'on the mend'

A Treasury spokeswoman has said that today's figures show that the "economy is on the mend" since inflation is almost half of its recent peak of 5.2% in September 2011.

The economy is on the mend, but the Government understands that times are tough for families and that is why we have taken continued action to help with the cost of living

– treasury spokeswoman

Read: Rail fares to rise by 4.1% from January 2014

Read: ONS: CPI inflation fell to 2.8% in July

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Rail fares to rise by 4.1%

Regulated train fares are set to rise by an average 4.1% from January after the headline rate of retail price index nflation fell to 3.1% in July from 3.3% in June. Labour has pledged to cap fare rises if it gets into power.