The UK consumer prices index has risen to 5.2 per cent in September, according to the Office for National Statistics.
The consumer prices index is up 0.7 per cent from 4.5 per cent in August. The retail prices index rose to 5.6 per cent, up from 5.2 per cent in August.
CPI annual inflation has never been higher but was also 5.2 per cent in September 2008. The ONS says the rise is largely down to an increase in gas and electricity charges, while there was also upward pressure on air transport and communication services.
RPI has also hit its highest point since June 1991, when it was 5.8 per cent.
The Bank of England’s target rate for CPI is 2 per cent.