UK Sept. Annual Inflation Slows More Than Expected

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Tuesday, the Office for National Statistics said UK annual inflation slowed to 1.1% in September from 1.6% in August. Economists were expecting the annual rate to ease to 1.3%. Month-on-month, consumer prices remained flat.

Core annual inflation that excludes energy, food, alcohol and tobacco stood at 1.7%, down from 1.8% in August.

Retail prices dropped 1.4% in September from the same period of last year compared to a 1.3% fall in August. Consensus forecast was for a 1.5% fall. Excluding mortgage interest payments, retail prices were up 1.3%, slower than the 1.4% growth seen in the prior month.

Tuesday, the Office for National Statistics said UK annual inflation slowed to 1.1% in September from 1.6% in August. (Market News Provided by RTTNews)