UK consumer price inflation slowed unexpectedly in September largely due to strong base effects, the Office for National Statistics said Wednesday.
Consumer price inflation slowed slightly to 3.1 percent from 3.2 percent in August. Economists had forecast the rate to remain unchanged at 3.2 percent.
On a monthly basis, the consumer price index gained 0.3 percent, following August's 0.7 percent increase. Prices were forecast to grow 0.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.