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Consumer price inflation, UK: September 2018
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in September 2018, down from 2.4% in August 2018. The largest downward contribution came from food and non-alcoholic beverages where prices fell between August and September 2018 but rose between the same two months a year ago. Other large downward contributions came from transport, recreation and culture, and clothing. Partially offsetting upward contributions came from increases to electricity and gas prices. The Consumer Prices Index (CPI) 12-month rate was 2.4% in September 2018, down from 2.7% in August ... (full story)
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UK inflation drops more than expected in September, pulled down by food prices
British inflation cooled more than expected in September to a three-month low, offering some relief for consumers who have been squeezed financially since the Brexit vote, data showed on Wednesday. Consumer price inflation rose at an annual rate of 2.4 percent in September, compared with August’s unexpected six-month high of 2.7 percent, the Office for National Statistics said. That was well below the consensus of a Reuters poll of economists for a fall to 2.6 percent. “Food was the main downward pull on inflation as last year’s September price rises failed to reappear, while ferry prices dropped after their ... (full story)