Inflation Falls to 5 Year Low

Lower petrol prices and food costs helped to reduce the annual inflation rate providing some respite for households who have seen little or no wage inflation since the credit crisis

Morningstar News Team 14 October, 2014 | 11:56AM
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UK inflation slowed to a five-year low in September, the Office for National Statistics showed. Consumer price inflation eased more-than-expected to 1.2% in September from 1.5% in August.

Lower petrol prices and the ongoing supermarket price war helped to reduce the annual inflation rate providing some respite for households who have seen little or no wage inflation since the credit crisis.

Economists had forecast the CPI inflation rate to slow marginally to 1.4%. Month-on-month, consumer prices remained flat in September versus 0.4% rise in August. Prices were expected to grow 0.2%.

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