Article preview: The latest official figures show price inflation remained unchanged last month. The Consumer Prices Index (CPI) measure of price inflation was 2.4% in the year to October, at the same level as the previous month. According to the Office for National Statistics, pressure for price inflation to rise was held back by falling prices for clothing. Economists had expected the CPI measure of price inflation to rise slightly to 2.5% last month, as a result of higher household utility bills and petrol prices.
Inflation unchanged as wages rise
This 480 word blog post looks at the latest price inflation figures from the Office for National Statistics, showing CPI unchanged in the year to October at 2.4%. Includes an expert comment from Melanie Baker, economist, Royal London Asset Management. Written on 14th November 2018.
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