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- UK CPI up 3.0% y/y
UK CPI up 3.0% y/y
The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.8% in October 2017, unchanged from September 2017.
The inflation rate for food and non-alcoholic beverages continued to increase to 4.1%, the highest since September 2013.
Rising prices for food and, to a lesser extent, recreational goods provided the largest upward contributions to change in the rate between September 2017 and October 2017.
The upward contributions were offset by falling motor fuel and furniture prices, along with owner occupiers' housing costs, which remained unchanged between September 2017 and October 2017, having risen a year ago.
The Consumer Prices Index (CPI) 12-month rate was 3.0% in October 2017, unchanged from September 2017.
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