Labour Research September 2009

News

Price index stays negative

Inflation edged a little higher but was still in negative territory. In July, the Retail Prices Index fell by 1.4% against a fall of 1.6% the previous month. Higher car prices and dearer car insurance contributed to the “rise”.

Meanwhile, inflation under the Consumer Prices Index, which excludes mortgage interest payments, was steady with a rise of 1.8%.