Video game prices push inflation up
…the largest effect came from games, toys and hobbies (in particular from computer games and consoles) where prices overall rose by 8.4pc between June and July 2019 compared with a rise of 4.1pc between the same two months a year ago. Price movements for these items can often be relatively large depending on the composition of bestseller charts and the upward contribution between the latest two months follows a downward contribution, from computer games purchased online and games consoles, between May and June 2019.
Inflation rate unexpectedly rises above Bank of England target
The overall inflation number released this morning are unlikely to cause much movement at the Bank, where interest rates are expected to be held until there’s a major shift in Brexit negotiations.
Recovering prices from computer games unpinned the growth, as did a rise in restaurant and hotel prices.