The CPI, which measures inflation in the United Kingdom, rose to 10.1% year-on-year in September, compared to 9.9% in August, exceeding expectations that it would rise to 10%, returning to its highest reading in July, which was the highest reading in the series since January. 1997 .
On a monthly basis, the consumer price index rose by 0.5% in September, compared to an increase of about 0.3% in September 2021.
The main index, excluding food and energy prices, rose to 6.5% in September from 6.3%, to come in line with analysts’ expectations.
In the details of the index, the second largest contribution to inflation in September came from the rise in food prices and non-alcoholic purchases by 1.1% on an annual basis, while the housing and household services sector came as the largest contributor to the rise in inflation in September.
The British pound is trading down at 1.1263 levels, affected by the rise in the US dollar this morning
02/11/2024
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