Inflation has risen across all three main price indices in the year to October according to the latest figures published by the Office for National Statistics (ONS).
The Retail Prices Index (RPI) annual rate is 1.3%, up from 1.1% last month. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose to 0.9%, up from 0.7% in September. Meanwhile the Consumer Prices Index (CPI) increased to 0.7% from 0.5% previously.
This article has been written to form part of the annual subscription service 'Pay Climate'. The subscription covers quarterly detailed journals on pay and employment as well as monthly articles just like this one on topics such as:
- Average weekly earnings
- Labour market
- Pay review outcomes analysis (collected by IDR in-house)
- Other research undertaken by IDR
If you would like to subscribe to Pay Climate it costs just £656+VAT per year (2020 price) for six employees. That means each employee can remain up-to-date on pay trends all year for under £10 per month per person.
Contact firstname.lastname@example.org for more information.