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.
Image:

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 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pensions policy 'needs to change', industry says

Pensions policy 'needs to change', industry says

PP poll respondents argue there are ‘many pitfalls’ to overcome in the sector

Holly Roach
clock 06 December 2024 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PPF Purple Book, MNRPF longevity swap, TPR updates DB covenant guidance

Professional Pensions
clock 06 December 2024 • 1 min read
PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

19th edition of PPF’s Purple Book shows funding improvements across the DB landscape

Holly Roach
clock 05 December 2024 • 4 min read
Trustpilot