There has been sharp fall in the headline measure of inflation to an annual rate of 2.2% in October from 2.7% the previous month.
The Office for National Statistics (ONS) said it meant the consumer price index (CPI) rate fell to its lowest level for more than a year amid a petrol pump price war that saw 4.9p cut from a litre of fuel over the month, together with a smaller contribution from tuition fees.
The ONS said transport prices overall fell 1.5% month-on-month in October with the main contribution coming from fuel price cuts at many major supermarket chains as wholesale prices fell.
Air fares rose at a slower rate in the year to October There were also downward contributions from air fares and prices for secondhand cars.
In education, the impact of rising tuition fees was smaller than at the same time last year because many students were already paying the higher rate.
Food inflation fell from 4.8% to 4.3%, easing some pressure on household costs.
The figures will also ease pressure on the Bank of England as it strives to meet its inflation target of 2% and ponders the outlook for its flagship low-interest rate policy ahead of the quarterly Inflation Report news conference on Wednesday.
A lowering of inflation expectations would build confidence about the future of the historically-low 0.5% base rate of interest set out in the Bank's forward guidance policy - which is conditional on the rise in the cost of living remaining under control.
However, the pledge not to consider raising the rate until unemployment drops to 7% means that a widely expected improvement in the Bank's outlook for jobs will be seen as bringing an end to the low rate closer.
Recent inflation-busting energy price hikes have yet to take effect and are likely to have an upward impact on inflation later this year.
Anda sedang membaca artikel tentang
Inflation At 12-Month Low Amid Fuel Cuts
Dengan url
http://belomtidur.blogspot.com/2013/11/inflation-at-12-month-low-amid-fuel-cuts.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Inflation At 12-Month Low Amid Fuel Cuts
namun jangan lupa untuk meletakkan link
Inflation At 12-Month Low Amid Fuel Cuts
sebagai sumbernya
0 komentar:
Posting Komentar