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.
Bu hikaye Manchester Evening News dergisinin October 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Manchester Evening News dergisinin October 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
NEXT STOP... FIVE CLUBS FOR RASH
MARCUS Rashford has admitted he is ready to leave United.
Manager reveals Garna is 'upset' over derby snub
RUBEN Amorim has revealed Alejandro Garnacho is ‘a little bit upset with him’ over his omission from the United squad against City on Sunday.
Amorim: Rash should have told me privately he wanted to leave
UNITED head coach Ruben Amorim has told Marcus Rashford he should have told him privately that he wanted to leave the club.
'There is nothing to celebrate when United cash in on a hitherto one-club man, but they have to
LITTLE that Dan Ashworth said or did has aged well at United but one quote endures.
Erl looks stronger than ever regardless of City's struggles
IN another season, the City medical team would be giving themselves a pat on the back.
Say what you like about Walker but he always fronts up despite poor results
KYLE Walker deserves plenty of criticism for his form this season but some of it has been over the top.
CITY'S TEST AT VILLA IS HUGE
CITY players will have returned to training yesterday with both hope and dread.
Reds boss should look to the Etihad to see how to deal with wantaways...
UNITED should be riding high after their derby win at the Etihad Stadium.
Keely is the 'real deal' - Lord Coe
WORLD Athletics president Lord Coe is convinced “real deal” and newly-crowned BBC Sports Personality of the Year Keely Hodgkinson has already ascended to British great status.
Roots of our festive traditions
BRINGING plants into the house to celebrate the festive season has long been part of our Christmas tradition.
