+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Britain slumped back into deflation in September

Oct 13, 2015, 14:04 IST

A deflated Rubber Duck by Dutch conceptual artist Florentijn Hofman floats on Hong Kong's Victoria Harbour, May 14, 2013.REUTERS/Tyrone Siu

UK consumer price inflation came in weaker than expected in September, according to official figures.

Advertisement

In fact, CPI actually fell 0.1% in the year to September.

That's lower than analysts expected - prices were forecast to be completely flat year-on-year, wth 0% growth.

Investors are also watching core prices closely - those are the prices of goods with volatile items like food and fuel costs stripped out, so they're influenced less by things like slumping oil prices.

Analysts were expecting to see a 1.1% rise in core inflation, after a 1% rise in August.

Advertisement

The figures show core inflation up by 1%, again slightly lower than expected.

NOW WATCH: The rich and powerful are going crazy over these luxury SUVs with bathrooms and cable TV

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article