Transport costs and computer games push up Consumer Prices Index measurement slightly.
The Consumer Prices Index measurement of inflation has risen slightly from 1.2% to 1.3% in the 12 months to October, the Office for National Statistics (ONS) has announced.
The main reason for the rise was transport costs, particularly motor fuels and air fares, even though they actually fell in price over the month. However, there were larger falls between September and October a year ago, which is why it bumped up this year's inflation figure.
[SPOTLIGHT]Price rises for computer games also added to the incease.
The Retail Prices Index measurement of inflation, which includes additional measurements such as mortgage repayments, remains unchanged at 2.3%.
The ONS highlighted the continued fall in the price of food, which has now dropped 1.6% over the year, and motor fuels, which have fallen 4.8% over the last 12 months.
The news follows last week’s Inflation Report from the Bank of England, which forecast inflation will drop to 1%, and possibly below, within the next six months. It believes inflation will not return to its 2% target until mid-2016.
For more read Bank of England: inflation to fall but pay to rise.
Keep on top of your wealth with lovemoney's new Plans app
More from lovemoney.com:
We’re giving away £1,000 for Christmas!