ONS says drop in road fuel cost and a less-than-expected rise in clothing prices are behind latest drop in inflation to -0.1%Inflation in Britain has dipped below zero for the second time this year, easing pressure on the Bank of England to raise interest rates from their record low.
Smaller than usual rise in September clothing prices & falling motor fuel prices were main factors behind #CPI drop http://t.co/x4rFzgjqul Related: UK inflation: pushed and pulled from without and within Inflation at -0.1% while wages rising at fastest rate in over a decade is a genuine boost for budgets of working familiesWe shouldn't mistake this for damaging deflation: we remain vigilant and our system is designed to deal with such risksContinue reading...
Source: theguardian.com