UK Inflation Sticks at 3%

Consumer Price Index inflation was 3% for October - the same rate as September. This is the ninth consecutive month that inflation is above the 2% target

Emma Wall 14 November, 2017 | 10:10AM

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Inflation in the UK has failed to hit the target rate of 2% yet again, as the Office for National Statistics revealed data for October. The latest Consumer Price Index shows inflation running at 3% last month. 

Food inflation is even higher at 4.1%, the highest rate since September 2013, putting pressure on elderly households. 

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Emma Wall  is former Senior International Editor for Morningstar

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