Business Live | A shock fall in Inflation puts it lower than 2% for the first time in three years

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Business Live | A shock fall in Inflation puts it lower than 2% for the first time in three years

Watch Business Live with Darren McCaffrey as UK inflation has seen a surprise fall, leaving it below the Bank of England’s target for the first time in more than three years.

According to the Office for National Statistics, the CPI measure of inflation fell to 1.7 % in September, lower than most economists were predicting. That’s down from 2.2% in August, and below the Bank of England’s target of 2%

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Date: October 16, 2024