UK Inflation Remains at 6.7% in September amid Rising Fuel Prices

Inflation in the United Kingdom came in at 6.7% in September, slightly higher than expectations, but unchanged from the previous month.

The Consumer Price Index in September rose 6.7% YoY, ahead of 6.6% expected by economists while maintaining the same level as the figure in August. On a monthly basis, headline inflation rose by 0.5%, which was in line with expectations.

Meanwhile, core inflation, which excludes volatile food, energy, alcohol and tobacco prices, rose 6.1% from the same period of last year, slightly above expectations for a 6.0% increase, but down from 6.2% in the previous month.

The UK saw a drop in food and non-alcoholic beverages prices on a monthly basis for the first time in two years. This was the largest contribution to a downward price, but rising fuel prices also contributed to an upward rate as well.