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The Independent UK
The Independent UK
National
Sean O'Grady

Does the drop in inflation mean things are going to get better?

Inflation Rachel Reeves Bank of England Budget Interest Rates OBR
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Inflation has fallen once more, which, given that the country isn’t also obviously heading for recession, is good news. The Consumer Prices Index (CPI) rose by 1.7 per cent in the 12 months to September 2024, compared with 2.2 per cent in the year to August. So prices are still rising, but the latest figure is way down from the peak annual CPI rate of 11.1 per cent recorded in October 2022.

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