MOSCOW (Sputnik) — The Consumer Prices Index 12-month inflation rate in the United Kingdom was 2.8 percent in September, the highest rate since March 2012 and 0.1 percentage point more than in August this year, the UK Office for National Statistics (ONS) said Tuesday.
"The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in September 2017, up from 2.7% in August 2017; it was the last higher in March 2012," the ONS said.
According to the statistics agency, the inflation growth was stimulated by rising prices for food, recreational goods, and transport costs.
"These upward effects were partially offset by downward contributions from a range of goods and services, in particular, clothing prices, which rose by less than they did a year ago," the ONS said.
According to the statistics agency, the overall inflation rate in the United Kingdom is higher than in most other EU countries.
The UK pound sterling fell in the wake of the 2016 referendum on Brexit and has not quite regained its footing yet. The weak pound hit imports, although it helped promote UK tourism and boosted demand for some manufactured goods produced in the United Kingdom.