Steady does it - inflation sticks at 2.7%

The UK inflation rate remained unchanged at 2.7% in September.

by Elizabeth Anderson

Another good month for new Bank of England governor Mark Carney: figures published this morning by the Office for National Statistics show that inflation held steady at 2.7% last month, not far off its 2% target.

The UK's inflation rate, as measured by the consumer prices index (CPI), was 2.8% in July and 2.7% in August. A drop in petrol and diesel prices, but a rise in air fares, caused the figure to remain static at 2.7% in September. Air fares fell 18.7% in the year to September, the ONS said, but this was smaller than the 25.2% decrease seen a year ago and so pushed up the inflation rate.

UK inflation rate over the last 10 years:

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