The Consumer Price Index (CPI), the UK inflation gauge, remained unchanged in September, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, October 22nd, at 3.8% year-on-year, unchanged from August’s reading. This compares with expectations, including those of the Bank of England, for a 4% increase.
On a monthly basis, the CPI registered no growth in September, rising 0.0% compared to August’s 0.3% increase.
The core CPI, which excludes food, energy, alcohol, and tobacco prices, rose to 3.5% in September from 3.6% in August, below expectations of 3.7%.
In detail, the annual rate of transport prices rose to 3.8% from 2.4%, and food and non-alcoholic beverage inflation rose to 4.5% from 5.1%. Services inflation remained stable at 4.9% in August