UK inflation dips slightly to 3.1% in September

DB schemes likely to see an increase in liabilities

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Bank of England governor Andrew Bailey.
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Bank of England governor Andrew Bailey.

The rate of inflation crept down slightly to an annual rate of 3.1% in September as a drop in the price of eating out offset some of a surge in transportation costs, the Office for National Statistics (ONS) has found.

Consumer prices rose 3.1% in annual terms in September, easing back from the inflation rate's biggest increase since records began in 1997 in August, the ONS said. Inflation rate fell back slightly...

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