Inflation falls below 2% for first time since 2021

Industry argues Inflation fall means Bank of England has 'clear path' to cut interest rates

Cristian Angeloni
clock • 4 min read
The Consumer Prices Index (CPI) fell to 1.7% in September, down from 2.2% in August.
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The Consumer Prices Index (CPI) fell to 1.7% in September, down from 2.2% in August.

UK inflation fell below the Bank of England’s (BoE) 2% target for the first time in three years in the 12 months to September, according to data from the Office for National Statistics (ONS).

The Consumer Prices Index (CPI) fell to 1.7% in September, down from 2.2% in August. Inflation had reached the central bank's 2% target at the beginning of the summer, only for it to edge slightly ...

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