Inflation matches three-year record high

INFLATION has matched record heights, soaring to 5.2 per cent.

The Consumer Prices Index rose from 4.5 per cent in August to 5.2 per cent in September.

The figure is the highest rate since September 2008, when it hit 5.2 per cent of the first time since the Consumer Prices Index was introduces in 1997.

The increase in energy cost has been blamed for a large proportion of the rise.

Also seeing a rise was the Retail Prices Index, which includes mortgage interest payments, up 0.4 per cent from 5.2 per cent last month.

The latest Retail Prices Index measure is the highest annual rate since June 1991.

September’s CPI measure is way ahead of the Bank of England’s target rate of two per cent.