UK inflation falls to lowest degree in additional than three years | EUROtoday

UK inflation fell to 1.7% within the 12 months to September, the bottom price since April 2021.

Lower airfares and petrol costs have been the primary driver behind within the fall, the Office for National Statistics (ONS) mentioned.

The drop within the price was bigger than anticipated – economists had predicted a 1.9% fall.

It additionally means inflation is now beneath the Bank of England’s 2% goal, paving the way in which for rates of interest to be reduce additional subsequent month.