British annual inflation rises to 1.3%: official data
[LONDON] Britain's 12-month inflation rose unexpectedly in October, rebounding from a five-year low the previous month, lifted partly by the rising cost of computer games, official data showed Tuesday.
The annual rate accelerated to 1.3 per cent in October from 1.2 per cent in September, the Office for National Statistics (ONS) said in a statement.
"Smaller falls in transport costs than a year ago - notably for motor fuels and air fares, and price rises for computer games were the main contributors to the rise in the rate of inflation," the ONS said.
Analyst expectations had been for the annual rate to remain at 1.2 per cent in October, according to a survey by Dow Jones Newswires.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s export growth picks up, supporting outlook
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US