Bookmark and Share

Inflation At Lowest In Over A Year

The inflation rate in the UK fell to 2.2% in October, down from 2.7%.

The inflation rate, as measured by the consumer price index (CPI), now stands at its lowest rate since September 2012. It is understood that fall will also ease the pressure on the Bank of England to raise interest rates.

The fall, which was greater that the figure predicted, is due to "the biggest drop in transport prices since July 2009, according to the Office for National Statistics.

The ONS say that between September and October, prices fell by 1.5%.

Other inflation falls include a reduction in education costs and and a drop of 0.3% in food inflation.


Related UK National News Stories
Click here for the latest headlines.

12 October 2004
Drop in cost of travelling drives inflation rate down
Inflation fell by 0.2% to 1.3% in September due in part to reductions in the cost of transport services, the Office of National Statistics (ONS) has said. The ONS said that the seasonal price drop in both air and sea fares from high summer levels drove inflation down as, in both cases, the reductions were greater than last year's.
12 September 2005
House price rise slowdown continues
Annual house price inflation in July was 4%, down from 5% in June according to figures released today by the Deputy Prime Minister's office. This drop in the growth of house prices pushed the annual house price inflation in London down to 0.9% in July 2005, a fall from the from 1.7% figure in June 2005.
13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
12 January 2004
House price inflation falls in November
House price inflation dropped by 1.1% in the October to November period compared to an increase of 1% in the same period last year, according to the government's latest House Price Index (HPI) figures. The HPI figures published by the Office of the Deputy Prime Minister (ODPM) today revealed that UK house price inflation fell from 12.
22 May 2012
UK Inflation Down To 3%
The UK inflation rate fell last month to its lowest in years, but the Bank of England warned that eurozone troubles would keep prices rising. The Consumer Prices Index (CPI) rate fell 5% to 3% in March, according to the Office for National Statistics (ONS).
16 November 2011
Central Bank Warns Of Double Dip
The Bank of England is warning of an increased threat of a double-dip recession next year. The bank said there was a greater chance of the economy contracting in the first three quarters of 2012 compared to previous forecasts, noting the eurozone crisis as the biggest threat to the UK.
15 November 2011
Inflation At 5% But Expected To Drop 'Sharply'
This month's official inflation figures are still more than double the 'target rate' of 2%, although it is expected to drop "sharply", according to the Bank of England. The Consumer Prices Index (CPI) in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.
19 March 2013
CPI Rises To 2.8%
In February the UK’s consumer price inflation (CPI) rose to 2.8%, thought to be the result of rising energy prices, figures from the Office for National Statistics (ONS) show. The Bank of England's inflation target for the CPI is 2%. Before February, CPI inflation had been 2.7% for four months in a row.
06 July 2006
Halifax reports house price drop
House prices fell by 1.2% during June, the Halifax has reported. The fall, the biggest monthly reduction in prices since October 2000, has been attributed to householders' facing rising utility and council tax bills. The Halifax said that the fall suggested that "the heat is coming out of the market".
16 October 2012
Inflation Rate At Three Year Low
Inflation fell to its lowest level for three years as the pace of price rises in the UK slowed in September, according to new figures by the Office for National Statistics (ONS). The ONS said the consumer price inflation eased to 2.2% in September, the lowest since November 2009. That compares with a rate of 2.
18 October 2011
UK Inflation Now At 5.2%
The cost of living continues to rise as UK inflation reaches its highest level since the credit slump began, topping 5.2%. The Consumer Price Index (CPI), which tracks the prices of UK goods and services, was already more than double its target rate of 2% in August, but jumped in September by more that the worst expectations. The rate of 5.
21 November 2005
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
13 July 2004
Leisure products price rises boost inflation by 0.1%
UK inflation rose by 0.1% to 1.6% in June buoyed largely by prices on recreation and culture products, according to the Office of National Statistics (ONS).
15 November 2005
Petrol prices lead to inflation drop
Consumer price inflation fell for the first time in over a year last month, aided by a drop in petrol prices. The latest figures from the Office for National Statistics showed that the Consumer Prices Index inflation fell to 2.3% in October.
18 November 2014
Inflation Rises In October - ONS
New figures from the Office for National Statistics (ONS) have revealed the UK's inflation rate rose to 1.3% in October, up 0.1% on September. The rate, measured by the Consumer Price Index (CPI), brings inflation up from a five-year low. The increase is due to strong prices in the transport, recreation and culture sectors, according to the ONS.