Examples of Where Inflation Jumped in October – and Where It Eased
Energy inflation slowed sharply, with gas rising 2.1% and electricity 2.7%, easing October's overall UK Consumer Prices Index inflation to 3.6%, down from 3.8% in September.
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4 Articles
Examples of where inflation jumped in October – and where it eased
The biggest downward pressure on prices came from household gas and electricity. A slowdown last month in the rising cost of energy, air travel and hotels helped offset a jump in inflation for petrol, kitchen appliances and a range of groceries, meaning the UK’s overall rate eased slightly from 3.8% to 3.6%. The biggest downward pressure on prices came from household gas and electricity, though food and drink inflation rebounded in October after…
Inflation Eases But Budget Must Deliver - British Chambers of Commerce
Reacting to the latest ONS inflation data published this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Businesses will be hoping October’s inflation rate of 3.6% is further evidence that inflation may now be past its peak. That’s in line with forecasts by the Bank of England and the BCC. “However, the economy remains vulnerable, and firms are under no illusion about the huge cost pressures they continu…
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