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Evening Standard

Business

Daniel O'Boyle

September inflation figures ‘encouraging’ despite CPI failing to fall, Bank of England's Andrew Bailey says

Andrew Bailey Inflation Bank of England

The Bank of England was not surprised that inflation didn’t come down in September, and found the latest ONS figures on price rises “encouraging”, its Governor Andrew Bailey revealed today.

In an interview with the Belfast Telegraph, Bailey said that the latest CPI reading, showing prices rose by 6.7%, the same as in August, was “not far off” what the Bank had expected.

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