Inflation in the UK saw a shock fall in October
Advertisement
Siu Chiu/ Reuters
The ONS said that the UK's consumer price index - the key measure of inflation - was down to 0.9% year-on-year in October, dropping from 1% in the previous month, and significantly below the expected 1.1% inflation forecast by economists.
Core inflation figures, which strip out volatile goods like oil and food, fell to 1.2% in the month, down from 1.5% at the previous reading.
Here's how October's data looks like as part of the long-term trend (note the drop from September):
ONS
More follows ...
Advertisement
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market