UK inflation tumbles to lowest level in five years

clock

UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.

The release from the Office for National Statistics (ONS) revealed Consumer Prices Index (CPI) inflation fell from 1.5% in August to 1.2% in September, well below the dip to 1.4% which was expected...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Standard Life Master Trust assets surpass £10bn mark

Standard Life Master Trust assets surpass £10bn mark

Scheme said its assets have doubled in value over the last three years

Holly Roach
clock 19 June 2024 • 1 min read
UK inflation returns to 2% target

UK inflation returns to 2% target

Inflation hits Bank of England's target for the first time since 2021

Cristian Angeloni
clock 19 June 2024 • 3 min read
Government Actuary's Department announces death of Martin Clarke

Government Actuary's Department announces death of Martin Clarke

GAD says former government actuary made ‘huge contribution to the industry’

Jasmine Urquhart
clock 18 June 2024 • 1 min read
Trustpilot