UK inflation drops to its lowest for nearly three years
19.09.2019 - Davydova Maria
UK inflation drops to its lowest for nearly three years

UK inflation fell to its lowest level in almost three years after the end of summer sales held clothing prices down.

Annual rate had dipped to 1.7% in August according to the Office for National Statistics, taking inflation down to the lowest level since December 2016.

Marking the drop as the biggest fall in the Consumer Price Index (CPI) measuring of inflation from one month to another in late 2014, economists warned that fears over Brexit and a slowdown in the economy may have discouraged businesses from raising their prices.

Jason Lennard, a Senior Economist at the National Institute of Economic and Social Research, said it seemed that only fewer firms than usual had raised their prices for the time of year.

“Firms are probably waiting to see beyond 31 October before adjusting prices.”  

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from Umarkets.com or Market Solutions limited." Cookies notification: “We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Continue