Yesterday, new official figures showed that inflation dipped to its lowest level since April 2021, staking expectations that Bank of England ratesetters will reduce borrowing costs next month.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation fell to 1.7% in September, from 2.2% in August.
The slowdown was driven by a sharp slump in petrol prices and lower airfares.
Inflation for the month was lower than expected, with analysts having predicted a reading of 1.9% for the month.
The September figure is used by the Government to decide a number of tax and spending changes for next year, and means some UK state benefits will rise by 1.7% next year.
Denne historien er fra October 17, 2024-utgaven av Manchester Evening News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 17, 2024-utgaven av Manchester Evening News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Ugarte is learning from Reds coach Fletcher
MANUEL Ugarte has praised Darren Fletcher for his role in helping players understand the significance of playing for United, following confirmation that he will remain at the club.
Agonising defeat for Great Britain
GREAT Britain suffered Billie Jean King Cup heartbreak as Slovakia fought back to claim a 2-1 victory in the semi-finals in Malaga.
Harland Wolff's ferry firm piled up debts of over 3m
HARLAND & WOLFF'S ill-fated venture into the ferry service sector, Scilly Ferries, amassed debts of over £3 million before succumbing to administration earlier this year, according to official filings.
US long-range missiles fired at Russia - Moscow
UKRAINE fired six American-supplied longer-range missiles at Russia's Bryansk region, Moscow said yesterday, in what would be Kyiv's first use of the weapons inside Russia in 1,000 days of war.
Dance turned my life around
A BRITISH dancer who was paralysed at 13 years old said the sport has transformed her life as she sets her sights on a medal at the Para Dance Sport European Championships.
TV school set to be demolished
A FORMER school which appeared in episodes of BBC drama Waterloo Road could be demolished under new plans by Salford council.
Yellow lines spark parking wars
RESIDENTS IN SHOCK OVER RESTRICTIONS
'The bullet was still in him...as far as we know, it's still there'
TRIAL HEARS HOW MAN SURVIVED BEING SHOT IN CHEST AT CLOSE RANGE
CAUGHT ONY CAMERA
DRIVERS CAPTURED ON PHONES AND WITHOUT BELTS IN SAFETY BLITZ
Here comes the Sunday
HOPES FOR NEW DEAL TO END WEEKEND MISERY FOR NORTHERN RAIL PASSENGERS
