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UK Inflation Inflation Rate Slides to 1.7% in September Boosting Rate Cut Bets

According to the Office for National Statistics:

  • The Consumer Prices Index, including owner-occupier housing costs (CPIH), rose by 2.6% in the 12 months to September, down from 3.1% in August.
  • Airfares and motor fuels had the largest negative impact on the CPIH and CPI annual rates.
  • Conversely, food and non-alcoholic beverages had the largest positive contribution.
  • The Core CPIH (excluding energy, food, alcohol, and tobacco) rose by 4.0% in the 12 months to September, compared with 4.3% in August.
  • Core CPI (excluding energy, food, alcohol, and tobacco) eased from 3.6% in August to 3.2% in the 12 months to September.
  • The CPI goods rate fell from negative 0.9% to negative 1.4%, while the CPI services annual rate eased from 5.6% to…
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