UK inflation unchanged at 2.4% in October

European markets down after Brexit news

Laura Dew
clock • 3 min read

Inflation in the UK remained steady at 2.4% in October, unchanged from the previous month that saw CPI fall to its lowest level so far in 2018.

The Consumer Price Index (CPI) fell to 2.4% in September from 2.7% in August, as prices for food, non-alcoholic beverages, transport, and recreation and culture dropped. In October, year-on-year price growth remained at 2.4%, despite analysts' predictions of a slight rise to 2.5%.  According to the Office for National Statistics (ONS), the largest downward contributions to the October figure came from food and non-alcoholic beverages, with food prices falling 0.1% between September and October, compared with a rise of 0.5% between the same two months a year ago. Other sectors that ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read
Advisers take 'marmite' approach to smoothed funds

Advisers take 'marmite' approach to smoothed funds

Recognise benefits but put off by complexity and price

Isabel Baxter
clock 20 March 2025 • 4 min read