United Kingdom: Consumer prices record second consecutive annual drop
November 17, 2015
In October, consumer prices increased 0.1% over the previous month, which contrasted September’s 0.1% decrease. The figure reflected higher prices for clothing and footwear.
Consumer prices in October dropped 0.1% over the same month of last year, which matched the previous month’s annual contraction. October’s reading also matched market expectations. Annual average inflation inched down from 0.3% in September to 0.1% in October, which marked the lowest print on record.
Author: Dirina Mançellari, Senior Economist