17.10.201805:11:00UTC+00UK Inflation Slows In September

UK inflation slowed in September, figures from the Office for National Statistics showed Wednesday.

Consumer price inflation came in at 2.4 percent versus 2.7 percent in August. The rate is also below the expected 2.6 percent.

Month-on-month, consumer prices climbed 0.3 percent compared to the forecast of 0.5 percent.

Core inflation that excludes energy, food, alcoholic beverages and tobacco, slowed to 1.9 percent from 2.1 percent in August.

Another report from ONS showed that output price inflation has remained positive since July 2016. Output prices advanced 3.1 percent year-on-year after gaining 2.9 percent. Economists had forecast prices to climb again by 2.9 percent.

On a monthly basis, output price growth doubled to 0.4 percent from 0.2 percent.

At the same time, input price inflation accelerated to 10.3 percent from 9.4 percent in August. On month, input prices gained 1.3 percent, slightly faster than the 1.2 percent rise in August.