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UK inflation lowest in almost 3 yrs in Sept, factory gate prices rise faster

From reuters.com

British inflation fell to its lowest in almost three years in September flattered by sharp price rises for gas and electricity a year earlier, official data showed, but factory gate prices rose at a faster pace. Consumer price inflation may accelerate again in coming months as four of Britain's biggest energy suppliers have announced price rises of around 6 to 9 percent. The Bank of England and the government have been hoping that falling inflation will ease the squeeze on Britons' budgets and allow them to spend more and support the fragile economy. The Office for National Statistics said on Tuesday that annual ... (full story)

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