Volatility masks Britain's real inflation

Inflation in the UK is at its lowest level since September 2009, but there are good reasons why the Bank of England can remain optimistic.

Inflation in the United Kingdom has taken a turn for the worse and, if it persists, there will be little pressure on the Bank of England to raise rates until later next year. But much of recent weakness relates to volatile and often temporary factors, and suggests that inflation may rebound over the next year.

Inflation in the UK rose by 1.2 per cent over the year to September, surprising market analysts, to be at its lowest level since September 2009. Inflation has eased from 1.5 per cent in August and 1.9 per cent in June.


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