Boost for Households as Inflation Falls

The UK remains in a deflationary environment according to the latest Consumer Price Index, which revealed today inflation remained at -0.1% for October

Emma Wall 17 November, 2015 | 12:32AM

UK consumer price inflation remained in negative territory for the second straight month in October, the Office for National Statistics has revealed. Consumer prices decreased 0.1% from a year ago, the same rate of decline as seen in September and in line with expectations. Meanwhile, core inflation that excludes energy, food, alcoholic beverages and tobacco, rose to 1.1% in October from 1% in September.

Core inflation is a more accurate measure of the price fluctuations which hit households, particularly the elderly, who are less likely to have outstanding mortgage payments, and make big-ticket purchases such as white goods and new cars.

Despite the core inflation figure rising, Nick Dixon, Investment Director at Aegon UK, says UK retired households have a reason to be cheerful.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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