UK inflation down to 4.6% in October - Breaking The News

UK inflation down to 4.6% in October

15 November

1 min read

EPA-EFE/ANDY RAIN

The United Kingdom's Consumer Price Index (CPI) rose 4.6% in October compared to the same month a year ago, the Office for National Statistics reported on Wednesday. On a monthly basis, inflation did not change compared to the previous month.

The report noted that the significant downward contribution to the monthly change in the annual rates of both the Harmonized Index of Consumer Prices (HICP), which takes into account prices paid by households for goods, and the CPI came from housing and household services, where the yearly rate of the CPI was the lowest since it began to be recorded in January 1950.

Excluding energy, food, alcohol, and tobacco, the annual CPI stood at 5.7% in October, while the monthly figure was up 0.3%, better than the 0.5% in September.

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