Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK annual inflation was unchanged in September at 6.7%, the Office for National Statistics said Wednesday, just a touch above analyst expectations, as higher fuel and hotel costs weighed against falling food and drink costs.
“After last month’s fall, annual inflation was unchanged in September. Food and non-alcoholic drinks prices eased again across a range of items with the cost of household appliances and airfares also falling this month. These were offset by rising prices for motor fuels and the cost of hotel stays," ONS Chief Economist Grant Fitzner said.
Core inflation slowed modestly, falling to 6.1% from 6.2% in August, despite an uptick in services prices to 6.9%.
The data was largely in line with Bank of England forecasts and, along with the modest loosening of the labour market seen in Tuesday's data, the MPC will be given added ammunition for a further pause on interest rate hikes at its November meeting.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.