UK Inflation at 2.7 Percent in September

The UK’s inflation rate, as measured by the consumer prices index (CPI), remained unchanged in September.

Petrol and diesel prices fell, but this was offset by upward pressure from air fares, the Office for National Statistics (ONS) said.

It means prices are still rising faster than wages, which rose by 1.1% on average over the same period.

The retail prices index (RPI) measure of inflation fell slightly to 3.2% from 3.3% in August.

Air fares fell 18.7% in the year to September, the ONS said, but this was smaller than the 25.2% decrease seen a year ago and so had an upward impact on the inflation rate.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza