UK Deflation Persisted During October

The prices of goods and services bought by U.K. households fell 0.1 percent in October from a year ago, in line with analysts’ forecasts.

The consumer price index (CPI) fell 0.1 percent in October from the same period last year, according to figures from the Office of National Statistics (ONS).

This is the same rate of inflation as seen in the year to September due to a smaller than usual rise in clothing prices and a fall in motor fuel prices.

The latest figure continues the trend of negligible inflation that the U.K. has experienced since the start of 2015 according to the ONS.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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