UK inflation rate dips below zero

News Update from CFM (UK) Limited: Inflation in Britain has dipped below zero for the second time this year, easing pressure on the Bank of England to raise interest rates from their record low. Official figures showed inflation was down from zero in August to -0.1% in September, pulled lower by cheaper fuel prices. Economists had expected the rate as measured by the CPI to hold at zero. Even stripping out more volatile prices, such as fuel and food, the so-called core measure of inflation undershot expectations in September. The ONS said the rate held at 1.0%, defying a forecast for a 1.1% reading.

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Posted on October 15th 2015

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