Investing.com – Consumer price inflation in the U.K. was unchanged in line with expectations in September, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.1% in September, unchanged from August, as widely expected.
The report said that a decline in air fares, which fell by 27.8% this year, and a rise in clothing and footwear costs were the main factors affecting CPI.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose by a seasonally adjusted 2.7% in September, after rising by 2.8% in August.
Analysts had expected core CPI to rise by 2.6% in September.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.21% to hit 1.5848.
In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation was a seasonally adjusted 3.1% in September, unchanged from August, as widely expected.
The report said that a decline in air fares, which fell by 27.8% this year, and a rise in clothing and footwear costs were the main factors affecting CPI.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose by a seasonally adjusted 2.7% in September, after rising by 2.8% in August.
Analysts had expected core CPI to rise by 2.6% in September.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.21% to hit 1.5848.