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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.