CPI grew from 1.2% in the year to September to 1.3% in the year to October according to a statistical bulletin from the ONS. So goods that cost £100 last October cost £101.3 this October.
The main contributors to the rise in inflation were smaller falls in the costs for motor fuels and air fares and price rises for computer games.
The three main contributors to annual inflation over the last five years have been housing, water, electricity, gas and other fuels and restaurants and hotels. Together these three sectors have accounted for nearly half of inflation each month. Food and fuel prices which normally contribute to rises in annual inflation have been helping to reduce it by 0.3%.
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