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UK Inflation Accelerates In September

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024 lt

UK consumer price inflation accelerated in September as the end of the government's food discount scheme boosted restaurant and café prices, official data showed Wednesday.

Inflation rose to 0.5 percent from a near five-year low of 0.2 percent in August, the Office for National Statistics reported. The rate came in line with expectations.

Nonetheless, inflation was far below the central bank's target of 2 percent.

Transport costs, and restaurant and café prices, following the end of the Eat Out to Help Out scheme, made the largest upward contributions.

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