The CPI rose by 1.2% in the year to November 2016. the rate is now at its hifhgest since October 2014.
This is one of the inflationary indexes we as matrimonial lawyers can use to calculate an annual increase to child or spousal maintenance. This should mean the maintenance keeps a the intended value or worth for the party receiving the sums.
The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October.The rate in November was the highest since October 2014, when it was 1.3%.Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/nov2016
unknownx500
AJC1
