Getty Images
UK inflation rose at its lowest pace in almost three years last month as the energy cap kept a lid on the price of electricity, gas and other fuels, according to official statistics. The Office for National Statistics said consumer prices rose 1.5% in October, against 1.7% in September.The slower pace of price rises could boost household spending as wages are rising faster than inflation.The October inflation number was lower than the 1.6% forecast by economists, although the Bank of England has said inflation could slip to 1.25% early next year - well below its 2% target.
A spokesperson for the ONS said:"A fall in utility prices due to a lowering of the energy price cap helped ease inflation in October. However, this was partially offset by rising clothing prices."Image copyrightOfgem said that around 15 million households on default deals or pre-payment meters will fall this winter as a result on its latest cap on prices which took effect from October.
ProjectKearsley Isn’t it around this time of year that public sector pension increases are calculated, using somewhat fanciful CPI rate?
Wouldn’t surprise me if it’s got anything to do with Russian oligarchs who own or run energy companies like who joe bidens son worked for in ukraine
Can UK win the trust of Foreign Investor and Institutional investor. UK is vertically divided in term of policy. Difficult to avoid a recession phase which is impending fast.
how come my tariff is going up then ?
more and more shops are accepting $ONION cryptocoin as a payment solution! GetDeepOnion
WHERE IS SKRIPALS ?
Which is why the Conservatives must win the GE..low inflation allows UK to borrow the Billions backed up by a firm economy.. Labour on the other hand?
Energy prices fell? Where? Who has received a price cut? Anyone? Hands up. Seriously anyone?
Energy bills continue to rise every year and we get the occasional 1% drop in cost. Doesn't really matter if it goes up about 10% every couple of years.
Why is there rise of food banks why are wages and salaries not getting better ? Why are working families still facing difficulties? If indeed inflation fell why then don't the public feel it in their respective lives 🤷🏾♂️ numbers may look good but society still suffering largely
Translation: Vote Tory
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SkyNews - 🏆 35. / 67 Read more »