UK Consumer Price Index Rose 0.5% Annually In September

According to the office for national statistics, the consumer price index grew at an annual rate of 0.5% in September, up from 0.2% in August. The price of food and beverage increased by 1.4% as a result of the increase in the price of food and beverage as well as the increase in the rate of food and beverage service offered by the government.

The inflation rate in September did not reach the 0.6% expected by economists, and the core inflation rate rose to 1.3% from 0.9% in August. Alistair McQueen, head of savings and retirement at Aviva, a British insurance company, said that while relatively low inflation was good for household finances, many depositors were still trying to find options with interest rates above 1%, which meant that their savings were being eroded by inflation.

Experts believe that the Bank of England (the Bank of England) increased quantitative easing and lowered interest rates this year, and the falling inflation rate may prompt the monetary policy committee (MPC) of the Bank of England to launch fiscal stimulus measures to boost market prices.