Consumer prices in the UK rose by 2.4% in September


Consumer inflation in the UK slowed to 2.4% in September from 2.7% in August, ONS reported. Economists had expected inflation at 2.6%. Compared to the previous month, consumer prices increased by 0.1% after rising 0.7% in August. The forecast of experts assumed a rise in prices by 0.2%. The Bank of England raised the base rate in August to ease inflation, which exceeds its target level of 2%. Compared with August, food and non-alcoholic beverages are cheaper by 0.2%. The cost of transport services decreased by 1.8%. Rising prices for clothes and shoes amounted to 3.1%, for educational services – 1%. Without energy, food, alcohol and tobacco, prices rose by 1.9%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong