U.K. inflation slowed to a five-year low in September, the Office for National Statistics showed Tuesday.
Consumer price inflation eased more-than-expected to 1.2 percent in September from 1.5 percent in August. Economists had forecast the rate to slow marginally to 1.4 percent.
Month-on-month, consumer prices remained flat in September versus 0.4 percent rise in August. Prices were expected to grow 0.2 percent.
Consumer prices excluding energy, food, alcoholic beverages and tobacco, rose 1.5 percent from last year, slower than the 1.9 percent increase seen in August.
Another report from the ONS showed that output prices declined for the third consecutive month in September. Output prices declined 0.4 percent year-on-year after falling 0.3 percent in August. Economists had forecast a 0.3 percent drop.
On a monthly basis, output prices were down 0.1 percent, the same rate of fall as seen in August.
Input prices plunged 7.4 percent annually in September, but slower than August's 7.7 percent decrease. The decline was bigger than the 6.7 percent decline forecast by economists. Month-on-month, input prices were down 0.6 percent.
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