Food prices saw their first monthly fall in two years in September, but fuel prices rose sharply, official figures show.
It came as the UK’s overall rate of inflation held steady at 6.7%, ending a run of three consecutive monthly falls.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
Analysts had expected the overall rate of inflation to fall slightly, and the ONS said there may be “some disappointment” about the unchanged figure.
However, its chief economist, Grant Fitzner, told BBC Radio 4’s Today programme: “If you look across Europe, many countries have seen either periods lately of no change or in some cases of actual increases in the headline rate, before they started to resume their falls.”
Rishi Sunak said halving inflation to around 5.3% by the end of the year remained his “number one priority”.
The latest inflation figures will raise concerns about the path of UK interest rates, which were left on hold last month.
The Bank of England has put up rates 14 times since 2021 in a bid to get inflation under control, and while many economists expect them to remain unchanged again in November, the mixed picture painted by September’s numbers means it’s not certain.
Food prices saw their first monthly fall in two years in September, but fuel prices rose sharply, official figures show.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
It came as the UK’s overall rate of inflation held steady at 6.7%, ending a run of three consecutive monthly falls.
Analysts had expected the overall rate of inflation to fall slightly, and the ONS said there may be “some disappointment” about the unchanged figure.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
The price of milk, cheese and eggs all decreased, easing the pressure at supermarket tills, the Office for National Statistics (ONS) said.
Analysts had expected the overall rate of inflation to fall slightly, and the ONS said there may be “some disappointment” about the unchanged figure.
However, its chief economist, Grant Fitzner, told BBC Radio 4’s Today programme: “If you look across Europe, many countries have seen either periods lately of no change or in some cases of actual increases in the headline rate, before they started to resume their falls.”
Rishi Sunak said halving inflation to around 5.3% by the end of the year remained his “number one priority”.
The latest inflation figures will raise concerns about the path of UK interest rates, which were left on hold last month.
The Bank of England has put up rates 14 times since 2021 in a bid to get inflation under control, and while many economists expect them to remain unchanged again in November, the mixed picture painted by September’s numbers means it’s not certain.
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