UK's inflation at 1.7% in September, below market expectations

Downward contributions came from 6 divisions; most notably transport, offset by upward contributions from 4 divisions, particularly food and non-alcoholic beverages, according to Office for National Statistics

By Gokhan Ergocun

ISTANBUL (AA) - The annual inflation rate in the UK was 1.7% last month, below market expectations, the Office for National Statistics (ONS) said on Wednesday.

The rate declined from August, when the inflation was at 2.2%, it said.

Downward contributions came from six divisions; most notably transport, offset by upward contributions from four divisions, particularly food and non-alcoholic beverages.

Overall prices in the transport field fell by 2.4% in the year to September 2024, compared with a rise of 1.2% in the year to August.

Prices of food and non-alcoholic beverages rose by 1.8% over the same period.

On a monthly basis, consumer prices posted no change.

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