United Kingdom: Inflation reaches lowest rate in five years
October 14, 2014
In September, consumer prices were unchanged over the previous month, which was below the 0.4% increase recorded in August. September’s figure was mainly driven by lower prices for transport as well as for recreation and culture, which offset higher prices for furniture and household goods.
Annual inflation eased from 1.5% in August to 1.2% in September, which marked the lowest rate since September 2009. September’s figure undershot the 1.4% the market had expected. Annual average inflation inched down from August’s 1.9% to 1.8% in September, which is the lowest level since July 2005.
Author: Dirina Mançellari, Senior Economist