scorecard
  1. Home
  2. finance
  3. Britain slumped back into deflation in September

Britain slumped back into deflation in September

Mike Bird   

Britain slumped back into deflation in September
Finance2 min read

A deflated Rubber Duck by Dutch conceptual artist Florentijn Hofman floats on Hong Kong's Victoria Harbour, with the island skyline looming at the background, May 14, 2013. The 16.5-meter-high inflatable sculpture, which made its first public appearance in the territory on May 2, will be shown at the Ocean Terminal for a month. The Rubber Duck was deflated after some of its parts broke.

REUTERS/Tyrone Siu

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

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

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.

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

READ MORE ARTICLES ON


Advertisement

Advertisement