The UK's inflation rate fell to 2.2% in the year to October 2013 as measured by the Consumer Prices Index (CPI).
The figure is the lowest for more than a year and is down from 2.7% in September, according to figures released by the Office for National Statistics (ONS).
The ONS reports that the largest contributions to the fall in the rate came from a drop in prices in the...
The UK's rate of inflation as measured by the Consumer Price Index (CPI) in the year to September, remains at 2.7%. The rate is unchanged since August.
According to the Office for National Statistics (ONS), changes in the consumer categories used to measure the rate were relatively small compared with most months. The largest upward contribution came from air fares, though this was...
Overall shop prices reported annual deflation for the fifth consecutive month in September, slowing to 0.2% from the 0.5% decline reported in August. Food inflation rose to 2.9% in September from 2.5% in August. Non-food products saw an annual deflation of 2.0% in September from 2.3% in August.
The figures have been revealed in the latest BRC-Nielsen Shop Price Index for September 2013...
The Consumer Prices Index (CPI) rate of inflation fell by 0.1% to 2.8% in the year to July 2013, down from a 14-month high of 2.9% in June, according to the Office for National Statistics.
The largest contributions to the fall in the rate came from air fares, plus price movements (in some cases the result of seasonal sales) in the recreation & culture, and clothing & footwear...
Since 2008, investors have been questioning whether it is inflation or deflation that haunts them. One might imagine that by now we would be closer to knowing the truth but, in our experience, the answer to these ‘either/or’ questions is almost always ‘neither’. When the two options are polar opposites, some combination inevitably turns out to...
