Clothing and insurance prices creep up as inflation rate falls

PRICES have started to creep back up, with clothes, footwear and insurance costs all increasing last month as the rate of inflation falls to -3.2%.

Having peaked at –6.6% in October last year the consumer price index (CPI), which measures the cost of living, has started to jump as prices for everyday items have started to nudge up.

On a monthly basis, prices were 0.4% higher in February than in January, the first positive change since last August.