United Kingdom: Inflation jumps in September
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month. August’s figure had marked the highest reading in five months. The increase in September reflected higher prices for clothing, overnight hotel stays and motor fuels.
Inflation was 1.0% in September, which was up from August’s 0.6% and marked the highest reading since October 2014. The reading came in above the 0.9% expected by the markets. Finally, annual average inflation inched up from 0.3% in August to 0.4% in September, the highest figure in over a year.
Author: Dirina Mançellari, Senior Economist