UK inflation unexpectedly falls as fuel prices fall

with a probability of % 2.5% in September , which will be its maximum rate since Since rising , excluding brief attempts at exchange rate cr Islamic State. New Prime Minister Liz Truss’ decision eases the Bank of England’s task of bringing inflation back to its 2% target a little easier, at least in the short term to limit what should have been a rise Home energy prices 13% in October. Prior to this, inflation had exceeded % early next year, according to some economists. Capital’s Dales said he now expects inflation to be around % In October, when the cap comes into effect – below the peak predicted by the Bank of England last month %. Separate factory cost and selling price data provided good news for inflationary pressures, weaker than all forecasts.

August Prices of materials and energy inputs fell by 1.2% month-on-month, falling for the first time in two years, driven by falls 2021Crude oil prices. Factory prices also fell slightly this month. Core CPI – excluding food, energy, alcohol and tobacco prices, which some economists believe could provide more Good guide long-term price trend – from 6.2% to 6.3%, it has since Highest value since .