Inflation rate stuck at 6.7% in September

October 17, 2023

The rate of inflation failed to nudge downwards as expected last month, remaining at an annual rate of 6.7% according to official figures.

The headline consumer prices index (CPI) measure had been predicted to slow to 6.6% in September by a Reuters poll of economists.

A figure of around 6.5% had been expected by the Bank of England.

It also deals a blow to the government's target of halving inflation this year. However, a big drop in the inflation rate is tipped for the month of October.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive Breaking News alerts on a smartphone or tablet via the Sky News App. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Rate this item
(0 votes)

HOW TO LISTEN

103.5 & 105.3FM

Online

Mobile Apps

Smart Speaker