UK DATA: Budget Measures To Add 0.29% To CPI………

UK DATA: Budget Measures To Add 0.29% To CPI
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Budgetary measures that come into force in 2011/12 will add an estimated
0.29% to the Consumer Price Index and 0.37% to the Retail Price Index,
according to figures from the Office for National Statistics.
The biggest effect will come from a rise in tobacco duty, the ONS
said. The changes, which add 50p to a packet of economy cigarettes and
33p to a packet of premium cigarettes, will increase CPI by 0.15% and
RPI by 0.18%, the ONS said. The Rise in alcohol duty will also have a
significant impact. The changes, will add 0.10% to CPI and 0.11% to RPI.