UK inflation: slight fall

UK consumer price inflation: Oct 2016 – ONS

  • The Consumer Prices Index (CPI) rose by 0.9% in the year to October 2016, compared with a 1.0% rise in the year to September.
  • Although the rate was slightly lower than in September 2016, it remained higher than the rates otherwise seen since late 2014.
  • The main downward contributors to the change in the rate were prices for clothing and university tuition fees, which rose by less than they did a year ago, along with falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages.
  • These downward pressures were offset by rising prices for motor fuels, and by prices for furniture and furnishings, which fell by less than they did a year ago.
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