The increase comes despite a drop in petrol prices.
The rate of Consumer Price Index inflation rose to 10.1% in September from 9.9% in August, the Office for National Statistics has said.
Experts at Pantheon Macroeconomics have said this is expected to have been offset by “further increase in food CPI inflation and services”.The inflation reading for September will be important for the Treasury as it will use it to decide increases for a number of key policies. If the Government decides to uprate benefits by inflation, this is the percentage they will be increased by, this will come into effect from next April.September’s inflation figure is also the one used by the department within the triple-lock pension commitment.
With average earnings most recently hitting 5.4%, it is widely expected that pensions would rise by the inflation rate in April next year.
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