Current Inflation Rate – CPI Static 09/07

CPI static at 1.8% in September 2007.

By News Desk
16th October 2007 at 11:57

Data from the Office of National Statistics today show that the UK Consumer Price Index for September remained static at 1.8%, the same as recorded in August.

Downward pressure on the CPI came from tariff reductions in household utilities and slower increases in the price of clothing and footwear compared to a year go.  Upward pressure was exerted from increases in the price of food and non-alcoholic beverages.

Retail Price Index inflation fell to 3.9% in September, down from 4.1% in the previous month.  This fall was prompted by static mortgage interest payments as compared to a year go when lenders passed on a Bank of England bank rate increase.

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