Inflation drops to 3-year low at 1.5%

CPI inflation drops to 1.5% in October, down from 1.7% in September.

Inflation drops to 1.5%

This is the lowest it’s been since November 2016, (according to the latest ONS statistics).

CPIH inflation, The ONS’ headline measure which includes owner occupiers’ housing costs, was also 1.5% in October, down from 1.7% the month before.

The main reason was due to electricity, gas and other fuels as a result of changes to the energy price cap.

More effects were due to furniture, household equipment/ maintenance plus recreation and culture.

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