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SQUEEZED BRITAIN: UK Inflation hits 3%

INFLATION has hit its highest for more than five years and has been driven up by increases in transport and food prices.

The Consumer Prices Index (CPI) went up to 3%, the last time the figure was so high, was in April 2012.

The Office for National Statistics said: “Food prices and a range of transport costs helped to push up inflation in September. These effects were partly offset by clothing prices that rose less strongly than this time last year.”

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Brexit is also being blamed for the rise in inflation, but this was expected.

This is good news for pensioners and will mean they will get a 3% rise next April, their largest pension increase for six years to and will rise from £159 to £164.

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